40 Burst results for "34%"
The Bitboy Crypto Podcast
A highlight from Crypto News Updates: Solana, XRP & ADA Pumping!
"Are we back? Altcoins are pumping, stablecoins are getting an upgrade, and the NFT community is joining hands. I'm Hannah and I'm going to fill you in on this week's events in cryptocurrency. Chainlink is up 34 % this week and the hype surrounding LINK is something to pay attention to in my opinion. The Grayscale Chainlink Trust, GLNK, has been trading at a 200 % premium to the spot price of Chainlink, LINK, indicating strong institutional demand for the cryptocurrency. This is the highest premium that GLNK has ever traded at and it suggests that institutional investors are bullish on the long -term prospects of Chainlink. The fact that GLNK is trading at a premium to the spot price of LINK suggests that there is more demand for shares of the trust than there is for Chainlink tokens themselves. The strong institutional demand for Chainlink is a positive sign for the cryptocurrency overall as it suggests that institutional investors are becoming more and more interested in investing in digital assets. And they think that Chainlink is a valuable one. XRP surged nearly 10 % this week and surpassed Binance Coin BNB to become the fourth largest cryptocurrency by market cap. This pump was likely due to two key announcements from Ripple, including approval to operate in Georgia. The National Bank of Georgia selected Ripple to develop its central bank digital currency or CVDC. This is a major win for Ripple as it shows that governments are increasingly interested in using Ripple's technology. Ripple also received approval to offer its services in Dubai. This is another major win for Ripple as Dubai is a global hub for financial services and crypto. These two announcements show that Ripple's technology is in high demand and this is likely driving the recent surge in XRP's price. Ripple is also facing a number of positive legal developments which is further fueling investor confidence. Overall the outlook for XRP is very bullish at the moment and I think XRP is worth paying attention to. Cardano has also pumped 10 % over the past seven days and this is due to a number of factors including a recent conference, the Cardano Summit, that was held in Dubai. Circle, the issuer of the popular stablecoin USDC, has recently announced a new upgrade to the USDC and EURC smart contract. This upgrade, known as V2 .2, includes a number of improvements that will make USDC and EURC more efficient and user -friendly. One of the most important changes in V2 .2 is the addition of support for EIP -1271. This will allow smart contract wallets to authorize transfers of USDC and EURC which will improve support for account abstraction and make it easier for users to pay network gas fees in USDC and EURC. Another important change in V2 .2 is the optimization of the block listing check. This will make it significantly cheaper to transfer, transfer from, transfer with authorization, receive with authorization, burn, and mint USDC and EURC. These improvements are likely to boost the adoption of USDC and EURC, especially among developers and users of Layer 2 blockchain solutions. The Layer 2s that are used by USDC and USDT, such as Arbitrum, Optimism, Base, and Matic, are likely to be the most relevant. Okay, so how will this impact the further adoption of stablecoins into the geopolitical landscape? This is likely to be accelerated by the improvements in V2 .2. This is because stablecoins offer a number of advantages over traditional fiat currencies, such as speed and efficiency, low cost, and transparency. Overall, the improvements in Circle's USDC V2 .2 upgrade are a positive development for the stablecoin industry, and these improvements are likely to boost the adoption of USDC and EURC, especially among developers and users of Layer 2 blockchain solutions. The co -founder of Yuga Labs and board ape yacht club Gordon Goner on X is single -handedly saving NFTs. This guy is a Chad. He mentioned in his bio that he's taking a break for health reasons from Yuga Labs, but he still claims to be an ape until he dies. Now that Gordon has parted with Yuga in some ways, he's decided to show love to the NFT projects that have been building during the bear market. Gordon posted photos of his newly acquired NFTs over the past week, and some of the projects include CryptoPunks, Pudgy Penguins, Sappy Seals, Goblin Town, and many more. Shoutout Gordon for bringing good vibes and a sense of community to crypto Twitter amongst all of the chaos. Grok is a new AI assistant developed by Elon Musk and his company X. It is designed to be able to answer questions in natural language, even about complex topics. Grok has access to real -time information via the X platform, which might give it a significant advantage over other AI assistants. Grok is currently available as part of an X premium subscription service that also includes other premium features on the app. However, Musk has said that he plans to make Grok available to everybody for free in the future. Musk has said that he envisions Grok being used as a general -purpose AI assistant that can help with a wide variety of tasks. Grok is designed to be witty, funny, and sarcastic. Elon Musk has said that he wants Grok to have a personality and to be able to interact with users in a fun and engaging way. For example, when asked for a step -by -step guide to making cocaine, Grok responded with a tongue -in -cheek answer that included suggestions such as obtain a chemistry degree and set up a laboratory in a remote location. I've been seeing a lot of screenshots of Grok interactions on my timeline, and it's cracking me up. Grok is still under development, but it has the potential to be a powerful and versatile AI assistant in the future. OpenAI engineers have allegedly come out stating that Grok is mocked in machine learning and AI communities and is analogous to a third -grader CS project. Would you place your bets on Sam Altman's ChatGPT or Elon Musk's Grok? Let me know in the comments below. The Simpsons is a popular animated sitcom that has been running for over 30 years. The show is known for its satire humor and its ability to predict the future. Over the years, the show has made a number of predictions that have come true, including the rise of Donald Trump to the presidency and the COVID -19 pandemic. In their 2023 Halloween special episode, The Simpsons predicted the rise of NFTs. In the episode, Bart Simpson becomes an NFT artist and his creations become incredibly popular. The episode also parodies the NFT community, showing how it can be full of scams and hype. Does this mean that NFTs are about to go parabolic, die, or does it mean nothing at all? Place your bets in the comments below. The Grand Theft Auto 6 trailer is coming out next month, confirmed by Rockstar Games on November 8th via X after announcing that Rockstar Games is turning 25 years old in December. We have been waiting for the Grand Theft Auto 6 trailer for nearly 10 years since GTA 5 was released in 2013. This announcement has everybody on X very excited. Which blockchain will Grand Theft Auto partner with first to bring the metaverse to the masses? Could GTA be the catalyst that onboards traditional gamers to Web3 or is there no possibility? Finally, I have a question for you guys. If you had 10k to spend right now and you had to pick one, would you rather put it in Chainlink, Solana, Cardano, or XRP? Comment down below. If you watched this whole video, I appreciate you. Please hit the like button if you haven't already and subscribe to the channel to be notified when we post a new video. I'll see you all next week.
WTOP 24 Hour News
Fresh "34%" from WTOP 24 Hour News
"Has the 7 News First Alert Cast. Thirties throughout the rest of the afternoon but some spots will hit the low forties for those high temperatures. Sunshine will be back into the low 30s after 8 m. p Upper 20s early tomorrow mainly clear overnight. Tomorrow on Thursday partly cloudy skies with a high of 5. Tomorrow night generally fair with lows in the upper 30s. We might avoid a freeze across most the of area by Friday morning. I'm 7 News Meteorologist Jordan Evans and the First Alert Weather Center. Sunny and 34 the low The WTOP Producers
The Aloönæ Show
A highlight from S14 E13: Basketball Coach to Godipa Leader
"Hello, welcome to the Eloni show. I'm your host John Meloni in this episode don't have regulars cuz reasons I guess As for I guess he's from Almeri Netherlands he is a writer and he used to be a professional basketball coach and also Have a leadership and meditation group along with his wife called God pier Ladies and gentlemen, I give you Marco van Dan Berg Scholten Excellent you pronounced that very British Lee. Thank you So, how's life oh really Wonderful, actually if you don't get immersed in the news on the world Things going on in the world between nations And I Limit yourself limit myself to my inner world. Life is very very nice and very rewarding as of now. Oh Okay, I could say that and Have you been up too much recently? Yes, I've been busy Promoting my first novel Which is much More work than I'd anticipated. It would be And I'm actually daily writing on a second novel I Do that every morning. I was actually at it just now And then I have a 16 year old daughter Who who requires Some answers every now and then and I also have a wonderful marriage with a wife who travels a lot So I've been very busy actually Very good. Very good so What is it you mainly do for a living? Well, I like us like I like you can see in my bio. I was a basketball coach for the last 34 years professionally and I I own a very small leadership company in Germany That Every now and then I take Some small assignments in that regard Mostly individual Coaching of leaders every now and then also questions concerning group dynamics And the money that I make from those things can still sustain me Fabulous yes So what what was what was it like being a professional basketball coach oh It was it was very interesting in a learning experience for sure because I always wanted to be a player myself and I never really thought of becoming a coach I studied journalism and then history But I got injured very young And then my coach asked me to become his assistant coach, this is all during my study times my period of university and From that on I did three years of being his assistant coach in the first league I I was asked to become a basketball coach, which was never in the cards or at least not consciously planned so I rolled into it as we say in the Netherlands and I rolled on for 30 years basically and and each each new season each new year I learned something new and you also the thing that I Like most about it is incredibly honest work Because everything you put in or fail to put in your team is immediately represented on the floor You cannot hide it.
The Dan Bongino Show
Fresh "34%" from The Dan Bongino Show
"A major reached today in the modernization of Midway Airport news is next reverse the wls weather channel forecast seasonably cold the rest of the week average high this time of year is 43 yesterday just hit 24 today though a little warmer sunny with a high near 42 partly cloudy tonight lows near 30 cooler than that in the burbs tomorrow partly sunny breezy high near 48 and then on Friday rain likely mainly before noon cloudy again with high near 43 right now to here 34 degrees 36 at Midway and 35 along Chicago's
Bankless
A highlight from ROLLUP: The Bull Market is On | Ethereum ETF | Near Layer2
"Bankless Nation, it is the second Friday of November. David, tell them what time it is. Oh, it's bull market time, Ryan. It's a bull market. It's a bull market. It's also, what's up? This is a special edition of the weekly roll up. And you told me not to ruin this title, this theme for you. So I'm not going to do it. Go, you say it. It's the, we are so back edition of the Friday bankless weekly roll up where we cover all the weekly news in crypto, especially focusing on the markets this week because God candles are happening. Coins are moving. We're getting the double digit price movements. Markets are alive. And NFTs are no exception to that. Everything is up. Every single listener of this podcast has more money today than they had last week. So congratulations. Pat yourself on the back. I declare that we made it. We made it through the pair. We made it. The bear's over. You're saying it? It's official now? It's official. All right. Well, so everybody is up on the week, except for those, those few Fiat Maximists. Except for the short sellers who are idiots. Do you think any Fiat Maximus and short sellers listen to bankless? How dare they? Just hate listens. Hate views, hate listens. Guys, in addition to the markets though, we've got a few other questions that we're asking. I'm going to rattle them off. Did BlackRock just file for a new spot? Eth ETF is near moving to Ethereum. Did Elizabeth Warren apologize for lying about crypto? I bet you can guess that last one. There's so many questions today. There's a lot of excitement going into the episode. David, before we get in, want to shout out our friends and sponsors over at Linea. They are inviting the bankless nation to go on a voyage. This is a DeFi voyage, a crypto voyage, because they have a new ZK EVM that you absolutely have to check out if you want to pioneer the frontier. David, tell them about Linea and what is the voyage? The voyage is six weeks of 10 ways of activity, 10 core tasks, some optional bonus tasks as well, with over 60 DeFi apps all to engage with. Why would you engage with them? Well, you know the points mechanism. FriendTech did this. They're giving out points. Linea XP, Voyage XP, is like a game, non -transferable ERC20 token that you accrue for going on the Linea voyage. So there is a link in the show notes to explore what is a new ZK EVM layer two on the scene. So you can collect some Linea XP by doing the Linea voyage. There's a link in the show notes. I think this is where we're going to spend the bull market, David, is on roll -ups and layer twos because Ethereum gas fees are going up, my friends. Oh, they are not low. We got to migrate. We got to migrate, but let's talk about the markets. All right, these charts look so beautiful today. This is the Kraken Bitcoin chart from Kraken Pro. And look at this candle up, this big green candle, followed by a candle down a little bit, but I'm still happy because it's still up. Tell me about this candle, what's going on? What's the price on the week? Yeah, Bitcoin started the week at 34 ,600, trying desperately to get its head back above 35 ,000 and not fall resistance to that, not fall back down. And then it just like blasted through right before we started recording, touched ,000 $38 going from right below $35 ,000 where it's been all week to $38 ,000. It is now at the time of recording at 36 ,500. So coming back a little bit, but 36 ,500 is real nice. Really, really nice. It's really nice. And this is the highest Bitcoin has been. I mean, I'm just scrolling out on the Kraken chart here. Like 24 months, how long has it been? I got to keep scrolling. It's been a very long time. You can't keep scrolling because your candles are one hour candles. So if you go up to the top one day, yeah, this is how you use Kraken charts. How I trade. Okay, yeah. Here we go. So look at the line, see where it intersects. May of 2022. Okay, so we killed the FTX liquidation. Bitcoin replaced that pretty early, in early 2023. And then halfway through 2023, we erased the three arrows capital liquidation. So three arrows capital is now in a distant memory. Those are no longer relevant parts of the market. And we are in process of finalizing the removal of the Terra Luna dump, which happened in May of 2022. We're almost there. I think if we just get maybe up to back, if we hold $38 ,000, Terra Luna is in the rear view mirror. It's also the season where you're starting to get, you're gonna start to get text messages from your friends and family. You have? My very dormant crypto chat that was dominant throughout 2020 and 2021 is now like, oh, we're back, baby.
WTOP 24 Hour News
Fresh "34%" from WTOP 24 Hour News
"Subaru Solterra, the Hyundai Ioniq, or the Toyota BZ4X at fitsmall .com, that's the Ford Fitsway. I'm Rob Stalworth, WTOP traffic. Jordan Evans has the 7news first alert forecast. Plenty of sunshine today with a high of 40 degrees. The winds are lighter today compared to yesterday's. Don't expect At least very low wind chill values, but will still feel like the 20s this evening early tomorrow air Temperatures upper 20s to low 30s in the afternoon on your Thursday back up to 55. I'm 7news meteorologist Jordan Evans in the first alert weather center. Oh, we need some hot soup today. It is 34 degrees with sunshine in Northwest. Tyson's checking in at 35 and 34 in Potomac. Brought to you by Long Fence save 25 % on Long Fence decks pavers and fences six months. No payment. No interest.
Mark Levin
MMA Fighter Takes Down Knife-Wielding Attacker
"The video is in the article. The footage went viral several days later leading to Baez making an appearance on TMZ and explaining what happened before, during and after his altercation. The man was identified by police as Omar Marrero and charged with two colonies, according to CBS news. What he likely did not know was that Baez held a 5 2 -1 record as a professional mixed martial artist most of his bouts with fight time promotions. Baez also told TMZ that he holds a black belt in jiu -jitsu, wrestled in college, practiced and has kickboxing for 15 years. So generally, he's a very bad person to pick a fight with, to the one holding a knife. And as they point out, this isn't the first time someone has had a fight. He's a very bad person to pick including an attempted car thief against Kevin Holland, a great fighter, an attempted mugging of strawweight Palina Viana, an attempted car theft against Jordan Williams, a home invasion of light heavyweight Anthony Smith, a drunken swing at Hall Hall of of Famer Matt Serra, a nighttime break -in at ex -light heavyweight champ John Jones' house. Can you imagine? Probably the greatest MMA fighter of all time, certainly one of them, an attempted stabbing of featherweight Maquon Americani's brother in an attempted mugging of legend Renzo Gracie. Renzo Gracie, the Gracie family. family. Unbelievable. There's a reason you see the word attempted a lot a in lot their attempted, because they all got their asses kicked. I'll be back. Mark Levin on 77 WABC. And before by legal media. Attention Marines, military personnel, families and contractors who were stationed at Camp Lejeune. Were you present And at Camp Lejeune between August 1953 and December of 1987, you may be entitled to significant For nearly 34 years, those on the Marine Corps base Camp Lejeune were exposed to contaminated drinking water, resulting in devastating injuries, including several forms of cancer, adverse birth outcomes, Parkinson's disease and more. until Until now, North Carolina's procedural laws have prevented victims from getting the justice they deserve. But passage of the Camp Lejeune Justice Act of 2022 would allow you or a loved one to file a lawsuit seeking compensation for illnesses and injuries. Linked to the toxic water call today for your free consultation 800
WTOP 24 Hour News
Fresh update on "34%" discussed on WTOP 24 Hour News
"An oakton high school senior leads the school's rocketry team he says they were recently able to launch a rocket up more than 34 000 feet which is above most commercial airliners and it's believed to be the highest altitude ever achieved by high school students the rocket which the students built entirely by themselves was eight feet tall and included a 12 pound motor we were ecstatic that we had reached our goal it was quite an experience nick i nelly wtop news you are listening to 103 .5 fm and wtop .com sports at 25 and 55 powered by red river technology decisions aren't black and white think red good wednesday morning november 29 425 indeed sports time and rob's turn this morning marilyn dominated rider 103 76 to stay undefeated at home the turps entered the night is the second worst three
Crypto Banter
A highlight from The LayerZero Airdrop Is Almost Here! How To Prepare NOW!
"Layer Zero is one of the most anticipated projects in crypto. In today's video, I want to run through a few major things to do with the Layer Zero airdrop. Is it too late to qualify for what could be one of the biggest airdrops in crypto history? If it is, how can you still make money from the Layer Zero ecosystem and how can you prepare yourself for an impending airdrop? Some of the indicators that I'm going to show you in today's video show us that a potential airdrop could be happening very, very soon. So if you've been following Layer Zero at all over the past couple of years, you should pay attention to today's video. So looking in front of us, it's clear that Layer Zero is one of the biggest projects in crypto just by sheer size in terms of how much they've raised. They raised $6 .3 million to begin with, relatively humble beginnings, but still led by MultiCoin Capital and Binance. But then they came in with massive backers in A16Z, Coinbase and Amoca, MultiCoin, and then actually Christie's led their own funding round. And then they've had some massive funding rounds since then with $120 million raised at a valuation of $3 billion. So the latest raise that occurred on the 4th of April, 2023 indicates that Layer Zero is a $3 billion protocol. And look, when the token gets listed on the market, it's likely that it's worth even more than that in terms of the actual token price itself, because the raising value and the total market capitalization, FDV, is a very different thing. For example, Arbitrum launched at like, what, 12 bill FDV, and they raised nowhere near that. Obviously, investors need to make a return on investment, right? But what we do know is that for investors to get a return on investment, airdrops are one of the vehicles, so basically by launching a token, that the projects can essentially pay back its investors and pay back its stakeholders. So incentivizing these investors with the token is one of the major ways that attracted this much liquidity. And there's also a way that they can bootstrap liquidity on the ecosystem to ensure the success of the Layer Zero protocol long term. And when you have an airdrop, obviously that means, especially with a big valuation, that there's going to be a slice of the pie given out to the community. And the bigger the raise, the more the slice of the pie is going to be. And with Layer Zero being such a big protocol from a valuation perspective, it's no doubt that it could be when the airdrop comes, one of the biggest airdrops in crypto history, one of the biggest airdrops that we've ever seen. And this is one I've been preparing for for quite some time. You can see here I did my first full deep dive on Layer Zero back in October 2022, over one year ago now. If you've been farming this airdrop for over a year, you're in an amazing, amazing position. I actually mentioned it even before this in the context of another thread, which amalgamated a bunch of other airdrops as well. And I also did a follow up earlier in the year as a last warning, a last reminder. And I also did videos on it on crypto banter at the time that you should highly consider going for the Layer Zero airdrop if you haven't already for the people that weren't already farming the airdrop. So I hope I've prepared you guys for what could be a potential airdrop. But if you haven't been farming the airdrop and if you've done nothing on Layer Zero, don't worry. Towards the end of this video, I'm going to show you a way that you can still make money in the ecosystem because there's going to be a massive amount of liquidity coming into the ecosystem. Once the airdrop takes place, like Arbitrum, there were tons of opportunities on the protocol side. And there's actually a couple trades right now, which I believe are decent Layer Zero proxy trades, which I want to get into. But for the ones that are potentially looking at an airdrop, I'm sure you want to know when airdrop, well, we got some really interesting revelations over the last few days. It's funny, if you look at the poly market odds for Layer Zero airdrop, if you go into the week, they spiked to an 84 % probability based on the market's interpretation of the Layer Zero airdrop, due to the fact that the SSL certificate was officially lodged. And we can see that the lodging issuers do show that a Layer Zero Foundation common name was issued. Now, what an SSL is, is it's a digital certificate that authenticates a website's identity and enables an encrypted connection. Companies and organizations need to add SSL certificates to their websites to secure online transactions and keep customer information private and secure. We saw an SSL certificate application for Arbitrum the week before their airdrop announcement. We also saw the day before the airdrop announcement Arbitrum pump in terms of its poly market odds, enabling people to speculate on it beforehand. So this obviously has led a lot of people to believe that a Layer Zero airdrop could be coming sooner rather than later. But it's been a bit of a saga on the day since we saw that odds because we've seen people out of the Layer Zero camp say that nobody actually manually triggered the lodgement of that certificate and that they thought it was an automated event, which is quite interesting. But then again, Arbitrum did deny a lot of these things until they went live. So they may be stalling, they may have known about it. We don't have full transparency over what the team is doing here and what the team is up to. All we know is that things are looking like there's going to be an airdrop and Q4 has been touted for quite some time in terms of the period where we'd get an airdrop. And obviously we're in November heading into December. It's really, really close to a potential airdrop if not the snapshot's probably been taken already, right? And if they do choose to delay then 2024 Q1 could be a logical period for them to launch an airdrop. So CC2 summarised the current airdrop situation for Layer Zero. He anticipates that this week either they'll push a significant announcement that the snapshot occurred. This would indicate that an airdrop is coming soon. He said that the smartest minds that he talked to said waiting until at least Wednesday. So it's currently Tuesday, maybe Wednesday in some countries depending on where you're watching it from. So that still hasn't happened yet. He also said the other outcome could potentially be them not announcing anything beyond the usual chain and partnership integration. And potentially the airdrop happens either later in Q4, so December, or maybe in the new year. If it is in the new year, it's unlikely they do it over the holiday period. It's more likely that they do it in late January or early February in my opinion. But if we look at the Polymarket odds right now, the market is saying that it's roughly a 50 -50 split versus whether or not there will be an airdrop. So that is fluctuating and it's interesting because there's a vehicle for speculation there if you do want to speculate on a potential airdrop. It could be within the next 10 days, possibly, if the SSL certificate is an indicator like it was for Arbitrum. But I still think if you are in line for a Layer Zero airdrop, I wouldn't get your hopes up too much. If you did follow my airdrop guides, though I think you're in an amazing position to get an airdrop, if you didn't follow those guides, I think there's maybe a possibility the snapshot isn't taken. But for me, it's not a high -risk roleplay anymore. You're better off because these guys have had years, your competition essentially, have had years or over a year to build up trading volume across Stargate, across bridging volume, frequency, all of that stuff that's obviously going to play into who gets a big airdrop. If you're starting today, you're not going to have time unless you're a whale to build up that volume and you're definitely not going to hit the frequency or the time components or the governance on the STG side, those components that could provide a little bit of nuance to benefit our loyal users of the laser ecosystem because they're clearly going to want to reward those guys too and try and knock out cyber wallets. So I think if you've missed it and you haven't been airdrop farming, I would turn my attention to some of the next biggest airdrops, a few that I could think of off the top of my head. You've got Starknet, you've got Linear, these kind of airdrops that I've done videos on. If you search up airdrops, Miles Deutch, or Crypto Banta, I'm sure lots of videos come up from my show because I've done guides in the past. But yeah, I would definitely turn my attention to focusing on those if you missed the Layer Zero airdrop. If you did miss it though, now let's talk about the ecosystem because here are where some interesting trades start to present themselves. So one, I think that the Layer Zero airdrop could act as stimulus for the overall ecosystem. You can see in front of you some of the key ecosystem dapps. But two, I think in the lead up to the airdrop, if people want to speculate on the Layer Zero token before the token is officially launched, then you're going to have to use ecosystem dapps as a proxy bet. So there's kind of two plays here. There's kind of a buy the rumor or airdrop trade heading into the airdrop. And then there is also like a concrete play on additional liquidity entering the ecosystem. Or maybe the Layer Zero token launches a little bit overvalued, right? And people try and play the proxies, the catch up plays based on relative valuations, because we don't quite know where Layer Zero is going to land in terms of its valuation, although I expect it to be probably a top 20, if not a top 10 protocol, given the fact it has a three bill valuation on the cap table, which is one of the biggest raises in crypto history in terms of value, alongside things like Starknet and Scroll, these other L2 type products, which are charging massive, massive, massive valuations. So the ecosystem is an interesting trade. Within the ecosystem, two tokens really stand out Stargate being one of them being pretty much your primary Layer Zero powered application and Radiance as well, which is an application that gives you exposure to not only the Layer Zero ecosystem as they use Layer Zero to power their multi chain borrowing and lending strategies, but also the Arbitrum ecosystem, which currently has its incentive grants taking place at the moment, as well as an underlying EIP narrative and Arbitrum staking, which just got proposed to. So I'm pretty bullish on the Arbitrum ecosystem at the moment, I'm bullish on Layer Zero. So radiant becomes a decent proxy bet. So I have been adding radiant at some of these key levels, I've made two buys into radiant around the mid range here at the 23 cent zone, bought a little bit more on the breakout here at 24. My next add up add zone will be after any major pullbacks, we are heading into a bit of resistance. But if we do get a market pullback, and I think Sheldon talked about that on his show, Radiance definitely one that that's on my watch list. And I highly recommend if you haven't already, you make a trading view watch list, a buy list, a trading list, whatever to track the tokens that you're currently interested in. Because radiant is definitely online. And it's definitely one that I'm watching on that I talked about in yesterday's show and my weekly watchlist on Twitter as well that I post every Monday. So radiance one Stargate is actually the other one, which hasn't actually moved up as much as Radiance. So you can see from the bottom Stargates moved up 44%. Actually, they're pretty similar. And over the last few days, Radiance moved up 44 % as well. They've both moved up Stargate probably hasn't had that massive thrust based on prior price action due to the fact that there is some impending supply overhang due to FTX. Radiant for that reason becomes my preferred play of the two. But if you zoom out onto the weekly, you can see Stargate, although it has moved, I mean, still significantly down from highs and you can put radiant in the same category as well. Although it has made a significant push up from the bottom and is now coming into this major mid range territory here, if you want to draw out like major timeframes on the weekly where you'd be drawing out your horizontal support around this level at the 32 cent zone. So making its way into that area, that is the area that I'll target any sort of pullbacks back down towards range low, I think would be a great zone to load up for a potential targeting of this upper bound at the 32 cent zone, which I think eventually we will get to in my opinion. So these two become decent proxy bets on layer zero if you haven't got any exposure to the ecosystem, either through the applications or through the airdrop. One thing I'm doing for a token like radiant specifically, because it's on the Arbitrum chain, I've been using Kyber AI to actually track the momentum for the token based on AI data. So if you go into Kyber AI, there's a link in the description below to sign up for beta access, and you switch to the Arbitrum network, you click on radiant capital, you can actually see the momentum for radiant. So when this ticks into bearish territory, that's when I'm going to start. So you see here when the Kyber score goes super bearish at 26 cents, it ticked upwards and then it pumps to 28 cents. When we have reversals like this, and we get sub 20 on the Kyber score, which is a metric that takes into account a bunch of on chain analysis, if that lines up with a broader market pullback, that is one of the confluence indicators that I will use to buy more radiant. So I'm monitoring Kyber AI all the time, you can create watch lists on Kyber AI, put all of the tokens that you're trading in there, and you can use that to solidify your trading strategy. So that's a good tip. It gives you all sorts of on chain analysis and data, which is of course amalgamated into that Kyber score, which is based on machine learning. But you've also got also a bunch of in depth order flow type statistics like trading volume, net flow to whale wallets, etc. Centralised exchanges, number of transfers, all that really in depth data that's going to help the on chain sleuths on chain traders out there. So that's something I'm using with a link in the description below to access it if you haven't already. I want to give you an update on my radiant bots as well. I've been doing a lot of trading bots recently, you've probably seen some of my trading bot videos. I want to give you a quick update on my radiant grid bot. So my futures DCA martingale strategy is currently up 75%. So doing really, really well up a p &l of $200. It's a small test position for me, but nonetheless, pretty impressive p &l, which I actually put my full size into this. But I've just been testing out bots radiant worked really well because it was within a range. And it got some nice averages while it was within this range, you see this range here. And then when it broke out, a lot of those cells got to execute. And that's why the p &l really pumped on that one. And then you can also see I've got another grid strategy, a futures grid strategy, which isn't a martingale strategy, which basically alters the buy size depending on Yeah, if you go down, it kind of doubles up martingale doubles every time and takes profit on the next grid. The futures grid is more linear, so it doesn't double, but this one's up $85. And 34%, one of my highest performing bots as well. So for me, a great way to get exposure to these trades isn't just through trading them on leverage, it's actually through setting up bots and setting up the parameters to trade buy and sell radiant within a certain range, when you get a breakout, you can actually execute on a lot of these orders. So if you're bullish on a token, setting up a long DCA gridbot is not a bad idea. If you know what you're doing, I have a tutorial, which I'll link in the description to okxgridbots if you want to learn more about it, and you're confused what the hell I'm talking about. I've done an entire video on this that will be in the description below that you can check out. I want to give a quick shout out to one of our official show partners, which is SmartX. If you are interested in earning passive income on any of the tokens listed on the AMM across Arbitrum, BNB, base and polygon, you can do so in the description below and get access to APRs of up to 60 % on the SmartX platform. And SmartX is really cool because they've engineered a way to drastically reduce the negative effects of impermanent loss. If you go into their on -chain compare function, you can actually see the performance of SmartX pools versus similar pools on other AMMs like Uniswap v3. And you can see, for example, the Arbitrum USDC pool is performing a lot better in terms of impermanent loss. Actually, it's in impermanent gain versus the other pools. And this is because of the algorithm that SmartX has. So in the past, putting a stablecoin alongside a token that you like hasn't been the best because if the token pumps, it really limits your upside. And it can also really screw you on the downside if the token moves significantly in price against the other asset. That's what impermanent loss is. With an application like SmartX, you can often get much better results where you can maintain the efficiency of the token that you're in, the efficiency of the LP overall, because you'll be pairing it with another token, of course. There's many examples of this, the Matic USDC pools the same, much better performance overall, net performance 7 .8 % versus these other pools which are much lower. You can see this as well in USDT, BNB. So all this is transparent. You can check out the on -chain compare function on their website. And yeah, link in the description below if you want to deposit liquidity or swap or even stake some of your assets. So link in the description below to SmartX and also to the OKX video and also to Kyber AI if you want to check out some of the AI -powered data that I've been referring to in the show. Hope you enjoyed today's show on Layer Zero. Hopefully it gives you a bit of info into how I'm trading it. Pretty bullish on Stargate and Radiant, especially if we get a pullback. Those will be tokens that I look at adding to. I am pretty excited for the Layer Zero airdrop as someone that's been involved in it for over a year. It's going to be amazing. I can't wait for the day. We may need to wait a little bit longer now, but I mean, we may even be surprised towards the back end of this week. So keep your eye out for that. And yeah, it's a super exciting time. We can actually see Layer Zero's trading already on the hyper liquid market. So it's an IOU contract which enables you to buy it. So if you really want to buy it now, you can actually buy Layer Zero, but you won't actually own the token. It's an IOU. And often these are really overpriced. It ended up coming down significantly in price when the token actually launches. So I will see you in the next show. Have a lovely rest of your day. Peace out.
News, Traffic and Weather
Fresh "34%" from News, Traffic and Weather
"Cycle. Learn how at I want to be recycled dot org brought to you by counsel news, radio traffic from the high performance homes, traffic center crash in Lakewood, eastbound 512. Just before I five is to get up the left lane. You want to stay to the right to get by. Still watching some police activity that had the ramps from eastbound 512 and westbound 512 to 31st Avenue, Southeast blocked and Rainier Avenue remains closed to both directions between South Genesee Street and South Adam Street due to a structure fire in the area. Our next northwest traffic at 8 34 news. Radio 1000 FM 97 7 forecast from the Northwest Crawl Space Services Weather Center. Hi, everybody Tuesday night. It's cold around here. Look for areas of freezing fog
The Breakdown
A highlight from How Crypto Can Actually Move Past SBF
"Welcome back to The Breakdown with me, NLW. It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world. What's going on, guys? It is Tuesday, November 7th, and we are back with The Breakdown. Before we get into that, however, if you are enjoying The Breakdown, please go subscribe to it, give it a rating, give it a review, or if you want to dive deeper into the conversation, come join us on the Breakers Discord. You can find a link in the show notes or go to bit .ly slash breakdown pod. All right, friends, we are back from that anniversary trip that you knew about. Very rejuvenating, excited to be back with you all. And today, although it is by now long old news to all of you, for the sake of completeness, we are going to wrap up our coverage of the SPF trial. Now, I'm going to focus on some of the logistics, what happens from here, and of course, spend most of my time on community reactions. So, on Thursday night, Sam Bankman -Fried was found guilty on all seven counts of fraud and money laundering. Sam's defense attorney maintains his innocence and says they will continue to, quote, vigorously fight the charges. After the verdict was handed down, Damian Williams, the U .S. attorney for the Southern District of New York, delivered an ominous warning on the courthouse steps. He said that although the cryptocurrency industry is new, quote, this kind of fraud, this kind of corruption is as old as time, and we have no patience for it. Williams noted that Sam's case moved at lightning speed, which he said was a choice, not a coincidence. He said that this case was a warning to quote every single fraudster out there who thinks they are untouchable, that their crimes are too complex for us to catch or that they're too powerful for us to prosecute. Williams warned that if the remaining fraudsters in the crypto industry don't cut it out, quote, I promise we'll have enough handcuffs for all of them. Now, Sam's sentencing will be carried out in a separate hearing tentatively scheduled for the 28th of March next year. Sam faces a statutory maximum sentence of 110 years in prison. However, of course, he will likely be sentenced to far less than that, as terms of imprisonment are often served concurrently across all charges rather than consecutively. Katie Haun, a crypto VC who previously tackled high profile crypto criminal trials as a federal prosecutor, explained the way that federal sentencing guidelines work in this context. As Sam's crimes surrounded one of the largest fraud schemes in history, the guidelines place him in the highest possible bracket when considering the size of losses and number of victims. His sentence will also be enhanced by his leadership role within the scheme and the sophisticated nature of the fraud. Sam maxed out the scale as a result of these factors, which means the guidelines would suggest life in prison as the appropriate sentence. Even if the judge reduces some of the factors to fit Sam into a slightly lower sentencing bracket, the guidelines would still indicate a sentence of 27 to 34 years in prison. Katie wrote that Sam faces likely decades in prison. Now, aside from sentencing, the major question that remains in the legal process is whether additional prosecutions are still to come. Long before the trial, the Justice Department added charges related to campaign financing. These were not included in last month's trial due to objections from the Bahamas government that the charges were not agreed to when Sam was extradited. During her testimony, former Alameda Research CEO Carolyn Ellison discussed bribery of Chinese officials. That evidence would implicate Sam in breaches of the Foreign Corrupt Practices Act. With Sam now convicted of fraud, it's an open question whether the DOJ feels the need to pursue additional charges or is satisfied with the prosecution already carried out. There is a second trial tentatively scheduled in March of next year to deal with the campaign finance charge and other allegations from the revised indictment. Over the coming months, the DOJ is expected to inform the court whether they intend to proceed with extra charges, which will be unlikely to result in additional prison time for Sam. The political sensitivity, however, of the campaign finance charge could complicate that decision. The other question is whether additional people involved in managing FTX will be charged. The three executives who testified against Sam will be sentenced alongside him in March after pleading guilty. And although he was mentioned several times during the trial and implicated in decision -making at Alameda Research, we still have no real insight into why former Alameda CEO Sam Trabuco has not been charged. Similarly, significant testimony seemed to imply that the conduct of Sam's parents could rise to the level of criminal liability. Now when it comes to reactions from the crypto community, one of the big themes was a sense of relief. Crypto researcher Noelle Acheson said the verdict came as a huge relief. While it looked increasingly likely as the trial wore on, there was always the outside chance that SPF would yet again embarrass the industry by showing that crypto fraud can be hard to prosecute. That didn't happen. And the swift and unanimous decision from the jury definitively shows that fraud is accountable. The closure of the SPF phase should help to show the next wave of investors that crypto markets can be grown up. And hopefully now we can get back to building the capital market infrastructure the ecosystem deserves. Paul Brody, the head of blockchain at EY said, it's a wonderful moment for crypto. Accountability in the sense that bad actors will be punished is important, not just for deterring bad actors, but to give confidence to those who are operating with integrity. However, another reaction was that prosecutors are likely to be even more emboldened. Preston Byrne, a partner at Brown Rednick said, I would not read too much into the SPF trial result as a forward looking matter. What's done is done. SPF is off the board as a major player in crypto, probably for the rest of his working life. What this is, is a significant and decisive victory for the US attorney's office in the SDNY, convincing a jury that fraud is fraud, even in a context where complex novel technology is involved. I would expect that the USAO has a lot more confidence today than they did yesterday that they can win other big cases against bad actors in crypto. Now at this point, it's worth noting to me that one of the things that I was watching is whether the idea that this was the crypto industry on trial would actually take root. In other words, would this be characterized as the trial of SPF or as the trial of the crypto industry as a whole? In my estimation, it was much more, much more about SPF. Part of that was that the prosecutors were pretty clear about that. And indeed that speech at the end of it all from Damian Williams really drove it home. Yes, he was warning others in the crypto industry that if they were rotten, he was coming after them. But his bigger point was that fraud was fraud, regardless of what context it was in, and whether or not it used novel technology like cryptocurrency. In other words, the prosecution made a specific decision, presumably rooted in actual belief that the Sam Bankman Freed trial was a trial of Sam Bankman Freed. Now one really interesting conversation that has generated a lot of discussion is what the appropriate sentence for Sam actually is. Unchained podcast host Laura Shin wrote, I see a lot of people debating how long a sentence SPF should get. Curious to take the temperature. Also curious to hear if you think sentences are too short or long in general and sentences for white collar crime, financial crime, et cetera. Now of the choices she gave, which were one to nine years, 10 to 19 years, 20 to 29 years and 30 plus years, 30 plus years got 58 .6 % of the vote. Laura then noted that she had misjudged how many people think this will be a long sentence and revised her post. For that new poll, her options were one to 14 years, 15 to 29 years, 30 to 44 years and 45 years to life, 45 to life got the most votes at 44 .1%. Now if that shows the general mood of crypto is particularly vitriolic towards Sam. There were some who said that his sentence should not be that long. Tiffany Fong wrote, I bet this will be my most hated post, but I personally do not root for life sentences or equivalent for nonviolent criminals. I lost my life savings to Celsius last year and obviously punishment is necessary, but I care far more about every penny getting clawed back to creditors and that they're forever barred from financial institutions. I don't personally benefit from or take pleasure in the prospect of SPF or Mashinsky sitting in prison for life. I'm sure this post will enrage people and agree to disagree, but that's just how I feel. ProPublica senior editor Jesse Eisinger said, SPF should not get 110 years. I'd say around five to seven reiterating my longstanding position that one, we should put fewer people in prison generally, two, but send more white collar criminals to prison with far shorter sentences, four, prison should be much, much more humane. Now this one generated a lot of response. DC investor wrote, understand that SPF caused serious financial harm and serious emotional harm. His fraud and his theft of user funds who believed they were being held as sacrosanct led to suicides. Five to seven years isn't nearly enough. He deserves at least 30. Eric David Paul from block tower put it a different way. He said, if the punishment for stealing 10 billion plus by defrauding hundreds of thousands of laypeople was five years in prison, it would be rational for most people in the world to commit the crime and the head of people like SPF. This is probability. They say X percent chance they get away with it. Y percent they don't. If they think 80 % they walk away with 10 billion and 20 % they go to jail for five years and keep nothing. It's a good trade. David Z Morris wrote, he won't get 110. That was never really on the table. And I understand the empathy, but based on the trial, he fully deserves 25 to 50. He has a callous manipulator who straight forwardly did not believe the law applied to him and still doesn't. He lied under oath repeatedly. DC investor followed up in another thread, give him only five years and O 'Leary just funds his next startup. You either create consequences and thus a disincentive for bad actors or none of it even matters.
Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
A highlight from 1454: How Much Will 1 Bitcoin be Worth By 2025? - Fidelity
"In today's show, I'll be breaking down the latest Bitcoin technical analysis, as we're currently pumping, looking to retest 36 G's baby. And quoting the high priest of Bitcoin, Max Keiser, Bitcoin separates money from the state, defund monarchy, defund the central banks, Bitcoin fixes this. He also predicts rate cuts will boost Bitcoin to his $220 ,000 target, send it, let's freaking go. Also breaking news, Bitcoin ordinals see a resurgence on the Binance listing, we'll also be discussing Caitlin Long's Custodia Bank officially launches her Bitcoin custody platform, as well as Hong Kong is now considering crypto ETFs as part of an effort to become the leading digital asset hub. I'll be breaking down this latest report, as well as the latest regarding Bitcoin ETFs and the fresh surge of capital incoming. We're also going to be discussing one of the largest asset managers in the world, which is Fidelity, currently with four and a half trillion in assets under management, exactly how much one Bitcoin will be worth by the year 2025, according to their head of macro, Jerry and Timur. Now that we have had a new price pump, this is a brand new prediction I have never shared before. We'll also be taking a look at the overall crypto market, all this plus so much more in today's show. Yo what's good crypto fam? This is first and foremost a video show. So if you want the full premium experience with video, visit my YouTube channel at cryptonewsalerts .net. Again that's crypto news alerts .net. Welcome everyone. This is podcast episode number 1454. I'm your host JV and today is November 7th, 2023. We have lots to cover. Let's kick it off with our market watch as we do each and every day. As you can see on your screen, we got Bitcoin back in the green, looking to retest 36 ,000 and creeping towards that target while Ethereum, BNB and XRP are currently pulling back and in the red. And checking out coinmarketcap .com, the current crypto market cap is on the climb as well at 1 .34 trillion dollars with roughly 45 and a half billion in volume in the past 24 hours. The Bitcoin dominance a little on the decline here today at 51 .8 % and the Ether dominance has been dropping as well, currently at 17 % even. I'd love for you to tell me in that chat, how high do you feel this Bitcoin dominance is likely to climb for this cycle peak? Let me know. And checking out the top 100 crypto gainers of the past 24 hours, we got the trust wallet token leading the pack up 9 % trading at $1 .79, followed by Solana up 9 % trading at 44 bucks, followed by Kronos up almost 8 % trading just under 8 cents and checking out crypto bubbles so we can see the top 100 gainers of the past week. Kind of a lot in the red right now, but we do have a handful in the green as well. BNTWT up 9 % and PLS up 6 .4 % and TON up 6 .7 % with the biggest loser being WeMixed down almost 19 % and checking out one of my favorite indicators, the crypto greed and fear index shows we're currently rated a 68 in greed yesterday was a 74 last week a 66 and last month a 50 dead in the middle, which is neutral. So there you have it, fam. How many of you are currently bullish on that king crypto? Please let me know in that live chat. So let's just kick it off into high gear and let's break down today's Bitcoin technical analysis. Check out the charts where the Bitcoin price action is likely to go next. So here we go. Check it out. You're looking at the Bitcoin one hour candle chart here. Bitcoin fell towards 34 .5 November 7th as analysts attention turned to mushrooming the open interest data from coin Telegraph and trading view showed Bitcoin struggling to reclaim 35 ,000 to support Bitcoin lacked clear direction into the Wall Street open, but market participants predicted the volatility would soon return. The reason they said was a sharp increase in open interest on derivative markets, quitting them here, almost 10 ,000 BTC worth 350 million in open interest added today, according to financial commentator Ted talks macro now coin Telegraph open interest reaching elevated levels has coincided with bouts of volatility in the recent months. Current levels total nearly 15 and a half billion at this time. And James van Stratton research and data analysts at crypto insights crypto slate described the fluctuations as noticeable, quitting him here. The CME exchange preferred by institutional investors has achieved a new record in open interest with 105 ,000 BTC contracts open valid at $3 .68 billion. Finance has edged past this figure would open interest of approximately 113 ,500 BTC. This trend points to increasing involvement in Bitcoin futures, hinting at either a positive shift in the market mood or a move towards protective strategies by the investors. Now the sense of uncertainty over how the open interest phenomenon would play out was shared by J .A. Martin, a contributor of on -chain analytics platform crypto quant as he shares here on X Bitcoin on the low timeframe. The open interest on Bitcoin futures is ramping up. Certain apes are taken significant positions, but it is unclear to me whether they're going to short or too long. Now in his analysis, he suggests the open interest was now in a territory that had previously seen 20 % of the Bitcoin price drawdowns, quitting him here historically, whenever this metric surpassed 12 .2 billion, it resulted in a minimum 20 % decline of the Bitcoin price. That interest open deserved significant attention. Now continuing this current pump, we have 36 ,000, which I think we're likely to retest here shortly as we started pumping right before I went live. According to school analytics, Bitcoin's looking like a short covering bounce here. Some open interest is coming off the lows here too. Word up and good to note. And going back here, let's see what other analysts we can quote here. We also have material indicators who shared the following. Calling a local top at 36 ,000 doesn't mean 36 ,000 is off the table this year. But the metrics I'm looking at indicate that at the very least it is off the table for this week. He says that call also doesn't mean the price will free fall back to the prior 25, 28, five range. But if a bull breakout isn't validated for this month, that range low is critical. So there you have it. I disagree with this analyst. Clearly, we're pumping right now and I feel we're likely to retest 36 ,000 potentially here today. We shall soon see. And quoting Max Keiser, the high priest of Bitcoin, he says, Bitcoin separates money and all that gold from the state, defund monarchy, defund the central banks. Bitcoin fixes this and he's responding to this news here. The king delivers the king's speech from the throne in the House of Lords chamber. The speech is written by the government and sets out the legislative agenda for the new session. Max Keiser also wrote here in regards to this tweet, the Fed doesn't want to talk about rate cuts, but Wall Street is sniffing out an increasing likelihood of just that. Six months ago, if the economy had fallen off the cliff, the Fed's hands were tied and it couldn't cut rates. Well, now it can. And Max Keiser responded, the rate cuts will boost Bitcoin to my 220 ,000 dollar target for sure. We'll send it and let's freaking go. Let's dive into our next story of the day and discuss the latest with Bitcoin ordinals, which is their NFTs. How many of you have actually experimented or used Bitcoin ordinals before? Please do let me know. Ordinals is a BRC20 token collection minted on the Bitcoin blockchain, which surged 80 or sorry, 40 percent in the past 24 hours to $10 .19 after listing on the crypto exchange Binance. And according to Binance's November 7th announcement, traders can now trade ordinals against Tether. Now, Bitcoin and the Turkish lira as well, Binance claims that it did not charge developers any listing fees for the already token and that withdrawals will now open November 8th as part of the initial incentives. The first 1000 users who deposit at least 72 already to the exchange receive 50 USDT trading rebate voucher, quoting them here already is a relatively new token that poses a higher than normal risk and as such will likely be subject to high price volatility. Word up. Now, the Bitcoin ordinals is a numbering system that assigns a unique number to each individual Satoshi or one 100 million of a Bitcoin, enabling tracking and transfer and combined with the inscription process, which adds an additional layer of data to each Satoshi. This allows users to make unique digital assets on the digital Bitcoin blockchain. The current token listed on Binance already is not associated with developers of Bitcoin ordinals. Good to note. Invented by Web3 developer Rod or more in January, BRC20 tokens have surged in popularity of one of the largest technological advancements in a 15 year old block chain. Now, self custody wallet providers such as BitKeep now BitGet Wallet have enabled BRC20 token deposits as well as withdrawals since June. The total market cap of BRC20 tokens currently stands at one point three four billion dollars. So there you have it. Hi, fam. Let's dive into our next story of the day and discuss the latest with Custodia Bank now offering Bitcoin custodial services. This is actually pretty cool. And this is Caitlin Long's company. By the way, she's also very bullish on BTC Custodia Bank, a crypto friendly bank founded by Bitcoin advocate Caitlin Long launched its BT custody platform. The firm shared November 7th to announce the launch of Custodia Bank's Bitcoin custody service targeting businesses like fiduciaries, investment advisors, fund managers and corporate treasurers. The launch comes soon after Custodia Bank earned approval from the Wyoming Division of Banking to go live with the service. The announcement notes and announcing the news, Custodia Bank emphasized that the platform is a non lending bank built by Bitcoiners that offer segregated custody accounts on its custom built Bitcoin custody platform. The statement said Custodia Bank offers integrated Bitcoin custody and U .S. dollar services all on one platform designed to simplify the user operations while reducing risk. Here's what they shared. Since we built our Bitcoin custody platform in -house, we are especially grateful to those willing to help us by providing user feedback. Now, Custodia Bank's approval from the Wyoming Division of Banking follows a series of regulatory challenges for the firm. Back in January of this year, the Federal Reserve Board rejected the bank's application to become a member of the Federal Reserve System. Not surprising, right? Saying it was inconsistent with the required factors under the law. The Fed subsequently denied Custodia's request to reconsider its membership application in the system. That's just straight wrong. In a detailed report back in March, the Fed's board said the decision to reject Custodia's app was due to concerns about banks with high concentration of activities related to the crypto industry. Hence why they don't want it. They don't want to support crypto, fam. It's clear. Custodia Bank opened for business in August of this year, though the Fed has blocked much of its proposed business model, which doesn't come as a surprise. Founded in 2020, Custodia is a bank aiming to bridge the gap between digital assets and a digital asset custodian. The firm was formerly known as Avante Financial Group and is based in Cheyenne, Wyoming. Custodia Bank did not immediately respond to requests for comment, but hey, it's definitely a good sign that adoption is coming and banks will be integrating Bitcoin or they're just going to get left behind. So hopefully many major banks follow in the footsteps of Caitlin Long's Custodia Bank. But let me know, fam, how you guys feel. And a reminder, only keep in the bank what you're willing to lose at the end of the day. Because what if there was a bank run? Even with it being FDIC insured, they don't have the money to give it to everybody. Hence what happened earlier in the year with the regional banking crisis and what happened in return to Bitcoin. We started pumping. In fact, Bitcoin's up well over 100 percent since the start of the year. And I feel we're just getting started. All right, fam. Now let's dive into our next story of the day and discuss the latest with the ETF news coming out of Hong Kong, which I know is not in the mainland of China, but still considered a part of China. And I think we're going to have ETF adoption not just in the United States, but clearly in Asia as well as in the Middle East, because in all markets they're seeking it and competition definitely a good thing, especially when it comes to these ETFs. So let's break down this latest report. Hong Kong is reportedly weighing the possibility of allowing the spot crypto ETF in a Bloomberg report. The Hong Kong Securities and Futures Commission CEO, Julia Leong, outlines what it would take for the spot crypto ETFs to be authorized in the city -state, quoting her here. We welcome proposals using innovative tech that boost efficiency and customer experience. We're happy to try it as long as new risks are addressed. Our approach is consistent regardless of the asset. So according to Bloomberg, Hong Kong currently only allows future based crypto ETFs and among the listed products includes the Samsung Bitcoin futures active as well as the Bitcoin and Ethereum futures ETF issued by CSOP Asset Management. The possibility of a spot crypto ETF getting approved in Hong Kong comes at a time when Hong Kong's ambitions of becoming a leading digital asset hub are in high gear. According to the report earlier in the year, Hong Kong rolled out a virtual asset regulatory framework and on the crypto regulatory framework. Here's what she shared, Hong Kong's comprehensive virtual asset regulatory framework follows the principle of same business, same risks, same rules, and aims to provide robust investor protections and manage those key risks. This will enable the industry to develop sustainably and support innovation. Also reports emerged in June that Hong Kong Monetary Authority pushed for banks in the city -state to offer their services to licensed crypto exchanges. It was also reported in February that China was supposedly in support of Hong Kong's plans to allow both institutional and retail investors to trade in crypto assets. So there you have it, fam, mass adoption. Let's freaking go. We all know there's trillions of dollars sitting on the sidelines just awaiting that spot Bitcoin ETF approval. And once we get that green light game on, it will absolutely be a game changer. But anyways, fam, now let's discuss Bitcoin ETFs being we're discussing them already. And it's on everyone's mind right now before we break into the latest prediction from one of the largest asset manager, Fidelity, who currently controls four and a half trillion in assets under management. Let's first discuss these BlackRock ETFs and ETFs from some of the other asset managers. Here we go. The launch of a spot Bitcoin ETF from BlackRock is a highly anticipated event in the crypto industry. I'd say the biggest, most anticipated event next to the Bitcoin halving. You know what I mean? It's expected to provide unprecedented institutional access to the crypto market, representing a significant shift from leading banks and promising substantial capital inflows. These developments will eventually change the industry and kickstart the new market cycle. What we're seeing in the market at the current moment is still speculation by the whales, some traditional firms and industry insiders. Now, while the move towards the ETF app approval is a positive development, the price discovery mechanism for Bitcoin is typically driven by derivatives like perpetuals. Let's keep in mind that these are leverage orders that can be liquidated with the right catalyst, whether on the upside or doing a pullback as traders take profit or leverage longs get liquidated. This means that recent price hikes post announcements weren't necessarily caused by a fresh inflow of institutional capital. Though that will happen eventually, they were actually caused by speculation around ETFs driven by people already plugged into the crypto space, including the whales, quoting them here. An ETF approval means that there will be an exponential increase in the amount of capital with access to BTC. That's right. And spot ETF. Unlike futures, there is true price discovery, so there will be no market manipulation. So we should still take this as a sign of institutional interest. It is not unlikely that the capital that kept Bitcoin outperforming traditional assets came from the large institutions or savvy allocators of capital buying ahead of the positive ETF news. CME futures are dominating the crypto future markets right now, suggesting that indeed it might be more traditional institutions that are speculating. These are some of the players that have entered the room in the previous cycles, bull run or not. This kind of activity is par for the course. Now, how capital from Bitcoin ETFs will eventually trickle down? Let's discuss it. We should still pay attention to the possibility of fresh capital coming in. Former BlackRock managing director Stephen Schoenfeld stated at CC Data's Digital Asset Summit in London that an ETF approval can bring 20 billion dollars into Bitcoin. While we all know that's extremely conservative, I'm looking at trillions pouring into the King, just saying. While Alliance Bernstein, the global asset management company, expects the BlackRock ETF approval to drive the crypto asset management way up, all the way up. Now, ultimately, an ETF approval means there will be an exponential increase in the amount of capital with access to BTC. This simple change will be greater than any other development in the market's history. This arrival of capital will come over time as more and more investors and asset managers digest the news, deciding that an allocation is not only responsible, but absolutely necessary preach. Likewise, the adoption of this financial product will take years as institutions such as broker dealers, banks and RIA's undergo due diligence and other processes before they can even offer Bitcoin ETFs. It will also hinge on the arrival of key players such as market makers that are an essential factor in building investor confidence. The role of the market maker is vital to ETFs. They are responsible for creating and redeeming new shares of an ETF, a role designed to keep its price tethered to the price implied by the value of the ETF holdings. Now, finally, we have the question of what a Bitcoin ETF means for the rest of the crypto market beyond Bitcoin itself. Market cycles have historically moved from Bitcoin first to ETH second and then cycled into the smaller altcoins or more exotic projects. This time around, the effects might be less direct, but still obviously noticeable. It is true that a rising tide is not guaranteed in the aftermath of the ETFs going live as the new inflow of capital will not come in the form of direct ownership of BTC. Investors who choose that instrument won't easily be able to change or diversify their exposure to other crypto assets until more ETFs are introduced. Now let's break into our featured story of the day and discuss what will one Bitcoin be worth in the year 2025. While Fidelity's head of macro, Julian Timmer, makes this prediction with an exact number. There's a brand new prediction I've never shared before, so let's break this one down, shall we? A massive shout out to everyone in that live chat just joining us. Fidelity Investments global macro director, Julian Timmer, is updating his outlook on Bitcoin following the latest Bitcoin price surge. He just shared on X to his almost 200 ,000 followers. The Bitcoin can soar beyond $96 ,000 by 2025 due to two main factors. He lays out a scenario for Bitcoin's price performance in the coming years based on retail interest rates, which is the interest rate minus inflation and the Bitcoin adoption rate, which is based on historical Internet adoption. Quoting Timmer here, with Bitcoin moving up once again, will its adoption curve accelerate as it did a few years ago? And how does the macro trend on rates affect it? Here's the data to consider. Here you go. I show a fair value band based on both the slope of the Internet adoption curve and the path for real rates. The bottom boundary assumes that the treasury inflation protected securities real rate of 2 .5 % and the upper boundary assumes negative 2%, which is where we were in 2021. The macro can speed up or slow down the adoption curve, which we have seen play out recently as outlined here in this chart. And looking at the chart, the analyst predicts the Bitcoin price would hit the lower bound of 41 ,000 in 2025 if the TIPS real rate remains as high as the current rate. However, if the real rate declines to what it was in 2021, the price prediction would soar to $96 ,210 in 2025, which is a 175 % increase from the current value. Now let's read his thread, which he shared here on X. I also got to throw out there, he also is predicting a $1 billion Bitcoin price by the year 2038. So by 2025, yeah, a little conservative, but extremely bullish for the long haul on Bitcoin. And I know I've covered that previously here on the show. How many of you have heard the billion dollar price prediction from Jerry and Timmer as I have covered it here? Let me know in that live chat. But anyways, let's just break down what he did share here in the thread so you can see the full discussion. Here we go. Above, I show the fair value, as I mentioned a little earlier. He also mentions the macro can speed up or slow down, which we have seen play out recently as outlined in the chart. He also says, assuming for a moment that Bitcoin will mature into an asset class that plays on the same team as gold and silver, how should we think about where it should sit in a 60 -40 portfolio and what would be a reasonable position size? Great question. Here's what he says. The good news for Bitcoin is it is an annualized volatility down from its 2018 peak, although at 58 % is still head and shoulders above traditional asset classes. That's right. There's no asset in which can compete with the king crypto because Bitcoin is a hedge against inflation as well as a hedge against deflation. It's a store value. It's incorruptible. It's unconfiscatable. And guess what? Gold can't compete either. He also shares here even better is 52 week correlation versus the S &P 500 had declined steadily and is now actually negative. More on the Bitcoin outlook on the next thread. And I highly encourage you to follow Jerry and Timmer. He shares a lot of good threads here, especially regarding Bitcoin and what's happening around, you know, the ETFs, the Bitcoin halving, the macro and all of these TA, which is technical analysis. You know what I mean? Let's see if I can find another good thread for you. He has quite a lot and he's very active as well. Here we go. Here's a good thread right here. He mentions continuing the discussion for my recent thread on Bitcoin. Let's talk about Bitcoin as a store of value. Yes, please. Let's talk about this. Shall we? Gold is delivering solid risk adjusted returns remains hard to beat above. We see that gold has one of the best sharp ratios out there, but Bitcoin is respectable as well in line with other major asset classes. This chart is based on monthly returns because it broadens the universe of alts. In this case, alt such as managed futures and equity long, short hedge funds are the less liquid variety, which broadens the mix while improving their returns. And below is a ranking of correlations to the S &P 500 based on monthly data of September. Bitcoin still has a positive correlation to the equities, but less than many other assets as outlined right here in this chart. And don't forget to check out CryptoNewsAlerts .net for the full premium experience with video and to participate in our live Q &A. And I look forward to seeing you on tomorrow's episode. HODL.
The Bitboy Crypto Podcast
A highlight from Caleb Hammer's Bitcoin Advice! (Was He Right?)
"So what's the overall financial situation? What are we looking at today? Well, we have, and this isn't on that statement, we have about $20 ,000 in cash for our emergency fund. It's interesting laid out about 10 ,000 of it is in Bitcoin and the other 10 ,000 is in high safety yields. I think you have $10 ,000 in an emergency fund. Today we're taking a look at Caleb Hammers emergency fund advice. In case you haven't seen Caleb's videos before, he brings people onto his channel who are terrible with money and then rips them a new, you know what, or let's just say he gives them his thoughts on their financial situation. 10 ,000 of it is in Bitcoin and the other 10 ,000 is in high safety yields. I think you have $10 ,000 in an emergency fund. Well, he's really saying you have 10K in the emergency fund. Well, Caleb is right here. We all long for a day where we can pay the car repair guy with Bitcoin, but today's still not that day. Bitcoin is still volatile, so it can't really count as an emergency fund because the point of an emergency fund is have the cash available when you need it. So what is an emergency fund? Well, I'm glad you asked since most Americans don't actually have one. And analysis show that most people in the country couldn't even cover an unexpected $500 expense. And the personal savings rate is almost as low as it was in 2008. It is recommended that you keep three to six months salary in an emergency fund. Now, obviously that's going to change based on your lifestyle. Like if you're a freelancer, for example, and with inflation as high as it is, I'm personally trying to limit the amount of cash I'm holding longterm. So I would hold closer to three months worth of salary in this type of fund. That's fair. Okay. And I have $10 ,000 of Bitcoin that I can also use if I need to. That you should sell right now and put in your emergency fund. Go on. So this video was posted March 30th, 2023. So if this person followed Caleb's advice, they would have sold Bitcoin at the highest 29 ,000. Right now, Bitcoin's around 34 ,000 and with inflation currently around 3 .7%, which means it's more likely six to 8%. So Caleb's guests would be losing a lot of money if he sold and just let the cash sit there. One, Bitcoin would be at loss and also the money's losing value. Caleb, stop telling people to sell their Bitcoin to BlackRock, please. I was literally talking to my wife about that. And I was like, I don't know. I don't know. But half of what's an emergency fund. I will immediately say that's stupid risk. Okay. Agree to disagree here, Caleb. The guy doesn't seem like he's really hurting for cash and he's also on the young side. So I think he can't afford to be a little bit riskier. What's Caleb's vendetta against crypto? We had $36 ,000 in our emergency fund and all of that money is gone. All right. Emergencies. Okay. Emergencies. You think, okay, so clearly his hot water heater bust, clearly there's a roof leaking or, you know, maybe someone fell down a flight of steps and there's a serious medical situation here. Let's see what the emergency is. Where did it go? It went to emergencies. What were the emergencies? We needed to remodel a bathroom. Then it wasn't an emergency fund. It was a bull slush fund. Seriously? A bathroom remodel. Okay. I can't even wrap my head around that. I wouldn't quite put bathroom remodel into the emergency level. If he could have just put that money towards Bitcoin, he'd be sitting a lot better right now. He wouldn't be losing his money to inflation. I just think of all the money that went to that bathroom and instead of just, you know, oh, oh, now I have really cool mirror above my sink. He could have bought the world's greatest asset, Bitcoin. And at the time he would have bought, he'd be in a lot better position right now. I got to agree with Caleb right here. That was a BS slush fund. All right. I've never seen this Caleb guy before, but I'm loving his content. Let me know if you want to see me react to more people getting roasted by Caleb for making the world's worst financial decisions. I'm DZ4 to discover crypto. I'll see you at the top.
Markets Daily Crypto Roundup
A highlight from Crypto Update | Hong Kong Spot Crypto ETFs?
"This episode of Markets Daily is sponsored by CME Group and PayPal. It's Tuesday, November 7th, 2023, and this is Markets Daily from Coindesk. My name is Noelle Acheson, Coindesk collaborator and author of The Crypto is Macro Now newsletter on Substack. On today's show, we're talking about crypto fund inflows, a development in Asia, the US lending outlook, and more. So you don't miss an episode, be sure to follow the podcast on your platform of choice and turn on notifications. And just a reminder, Coindesk is a news source and does not provide investment advice. Now, a markets roundup. After last week's excitement, most markets are more Coindesk indices. At 9am Eastern Time today, Bitcoin was trading down 0 .75 % over the past 24 hours at $34 ,794. Ether was down 1 .8%, trading at $1 ,874. Elsewhere, XRP, NEAR and Stellar's XLM token are down 6%, Arbitrum and Maker are down 4%. It's not all red, though. Solana and and Kronos is up 10%. In macro indicators today, I want to talk about a banking report with a cute name that sheds a sharp light on the US economic outlook. The Senior Loan Officer Opinions Survey, known as the SLUS, is a quarterly survey conducted by the US Federal Reserve of up to 80 large domestic banks and 24 branches of international banks. It asks bank representatives how they feel about lending practices, the state of loan demand, recent and potential policy changes, and other topics of current interest. It's significant in that it is the most on -the -ground way to get a glimpse of just how much banks are willing to lend and what kind of demand they're seeing. If lending dries up, consumers spend less and businesses can't grow and may have to close. Whereas if banks start lending more, then we can probably expect more economic growth ahead. Over the past few quarters, the percentage of banks that have been tightening their lending conditions was increasing. Tightening lending conditions basically means making it harder for businesses and individuals to get loans, and the data suggested that it was getting harder and harder. The latest report, however, shows a turn. Just over 30 % of banks are still tightening lending conditions, which sounds like a lot, but it's down from almost 50 % in the previous quarter. Demand for business loans fell in Q3, but the net percentage of banks reporting this dropped from the previous quarter, so it sounds like the pace of the decline is slowing down. Consumer lending tells a different story. The proportion of banks reporting weaker demand for credit card loans, auto loans, and other consumer products increased from the second quarter. In other words, the drop in demand for consumer loans is accelerating. This is hardly surprising given the increase in interest rates.
CoinDesk Podcast Network
A highlight from MARKETS DAILY: Crypto Update | Hong Kong Spot Crypto ETFs?
"This episode of Markets Daily is sponsored by CME Group and PayPal. It's Tuesday, November 7th, 2023, and this is Markets Daily from Coindesk. My name is Noelle Acheson, Coindesk collaborator and author of The Crypto is Macro Now newsletter on Substack. On today's show, we're talking about crypto fund inflows, a development in Asia, the US lending outlook, and more. So you don't miss an episode, be sure to follow the podcast on your platform of choice and turn on notifications. And just a reminder, Coindesk is a news source and does not provide investment advice. Now, a markets roundup. After last week's excitement, most markets are more Coindesk indices. At 9am Eastern Time today, Bitcoin was trading down 0 .75 % over the past 24 hours at $34 ,794. Ether was down 1 .8%, trading at $1 ,874. Elsewhere, XRP, NEAR and Stellar's XLM token are down 6%, Arbitrum and Maker are down 4%. It's not all red, though. Solana and and Kronos is up 10%. In macro indicators today, I want to talk about a banking report with a cute name that sheds a sharp light on the US economic outlook. The Senior Loan Officer Opinions Survey, known as the SLUS, is a quarterly survey conducted by the US Federal Reserve of up to 80 large domestic banks and 24 branches of international banks. It asks bank representatives how they feel about lending practices, the state of loan demand, recent and potential policy changes, and other topics of current interest. It's significant in that it is the most on -the -ground way to get a glimpse of just how much banks are willing to lend and what kind of demand they're seeing. If lending dries up, consumers spend less and businesses can't grow and may have to close. Whereas if banks start lending more, then we can probably expect more economic growth ahead. Over the past few quarters, the percentage of banks that have been tightening their lending conditions was increasing. Tightening lending conditions basically means making it harder for businesses and individuals to get loans, and the data suggested that it was getting harder and harder. The latest report, however, shows a turn. Just over 30 % of banks are still tightening lending conditions, which sounds like a lot, but it's down from almost 50 % in the previous quarter. Demand for business loans fell in Q3, but the net percentage of banks reporting this dropped from the previous quarter, so it sounds like the pace of the decline is slowing down. Consumer lending tells a different story. The proportion of banks reporting weaker demand for credit card loans, auto loans, and other consumer products increased from the second quarter. In other words, the drop in demand for consumer loans is accelerating. This is hardly surprising given the increase in interest rates.
Bloomberg Radio New York - Recording Feed
Monitor Show 16:00 11-06-2023 16:00
"With Bloomberg, you get the story behind the story, the story behind the global birth rate, behind your EV battery's environmental impact, behind sand, yeah, sand, you get context, and context changes everything. Go to Bloomberg .com to get context. Those have peaked, except that we wanted them to peak, because it's a good talking point. All right, I think we have our radio colleagues now tapped in here to their microphones here, and I'm curious, Paul, here, what you thought of some of the price action today. Yeah, it's interesting. I was just asking a couple of our guests earlier, just, it was such a busy week last week, both in terms of the bond market and then how the equity markets just followed the bond market, and so it just seems like today was just a calmer day, everybody just kind of reassessing where we are after last week's big moves. That's what it felt like. Yeah, of course, coming off what was, of course, the best week, at least for some of the major indices all year long, not so much today here. You did have all of the major indices open higher on the day, but it looked like almost all of them spent a significant time in the red. The net effect of it all is basically unchanged on the day. The Dow Jones Industrial averaged higher by a tenth of a percent, right around that 34 ,000 level. The S &P 500 up two -tenths of a percent below that 4400 level. The NASDAQ Composite up about three -tenths of a percent, right now camped out at 13 ,500 and change, and the Russell 2000 never really got any traction all day long off the lows of the day, but still lower on the day by about 1 .3 percent. And when you look at market breadth, it's definitely to the downside. You have 344 stocks lower for every 458 stocks higher in the S &P 500. Looking at the industry groups, pretty evenly balanced as well. Tech hardware, pharma, and household and personal products leading the gains there. And on the downside, REITs, energy, and diversified financials all lower by at least eight -tenths of one percent. All right, definitely some gainers out there today in the marketplace. First, Constellation Energy. This is utility higher after better than expected results.
The Bad Crypto Podcast
A highlight from SBF Guilty!
"7 guilty verdicts for Sam Bankman -Fried, Bitcoin ETFs in the future and a happy recovery in crypto prices are all providing the blockchain world with much to discuss. After a couple weeks off, we're back to do the thing we do where we look at top stories and say whatever our brains tell us to say and it'll be super interesting because by the way, Travis is transitioning. More about that in this show. There's no filter, just badness and banter about what's been going on in the crypto world and in our world on this bad news, episode number 701 of the Bad Crypto Podcast. Hey, welcome back to the Bad Crypto Podcast, the show for the crypto curious and the crypto serious. Joel come here. Travis right there. Still your Sir Lords and with you from Puerto Rico, the beautiful island in the Caribbean. How you doing? Doing great. Nice to see you again. Good, sir. You as well. We had a couple weeks off and people are like, are you guys done doing the show? We hit 700 and we're like, done. No, actually we hit that 700th episode and then we were waiting for SBF to get seven indictments and then so he did and then we're like, okay, we can do the show again now that he is going to prison for a long time. Seven the number of perfection. We'll tell you more about what's been going on in our world. But first let's get to the news and tell you what's going on in the crypto world. Timestamp November the 4th, 2023 to 14 p .m. in the afternoon here in Puerto Rico. I know this show is coming out on Sunday, so it might be a little delayed on what you're going to hear here as far as the prices go. But the crypto market cap, according to CoinGecko, is currently $1 .34 trillion Bitcoin, thirty four thousand seven seventy Ethereum eighteen hundred thirty eight dollars BNB two thirty seven XRP sixty one cents Solana forty one dollars. Damn. Why did I sell mine? Cardano thirty two cents and Dogecoin almost at seven cents. The crypto markets have taken a bounce back. Sir Lord Travis, you know what? And one of the things that I am transitioning is I'm selling my home and moving back to the States. And this home is the selling process is taking forever, dude, but I wanted to start selling it. Bitcoin was like at sixteen eight when I decided to sell it in in January. I was like, dude, I thought this house was going to sell quickly. And I was like, I want to get some of that sixteen seventeen thousand dollar Bitcoin might sell us some bitch and then process and this and that in Puerto Rico. And now Bitcoin is freaking thirty, almost thirty five thousand dollars, dude. Like I missed out on doubling of my money right there, which sucks about that. There are. So I just I just want you all know, I want crypto to do I want Bitcoin to go down like about ten grand. I want to I'd like to see twenty five K again so I could snag more of that. I'm sorry to interrupt this show, this broadcast to slap Travis Rice in the head. Yeah, because the rest of us, I mean, yes, I want you to have cheap Bitcoin. But, you know, if this is just the beginning of a bull run, that means that there are lots of opportunities. Remember, our previous high was sixty nine thousand. And most people are expecting us to blow by into six figures this time around. And so we can analyze, you know, what's happening in that world and all of what's driving it. I thought maybe we take a look and just see who are the big winners right now. We mix. Don't know what it is, but it's up 66 percent this week. Well, that's what that's what a deejay does whenever they have a list. They do a we mix. Yeah, we. Yeah.
Crypto Banter
A highlight from This Altcoin Will 20X OR MORE!! (Raouls All-In Trade)
"Look, we may not be at weekly highs, but we definitely should celebrate the week that we've just had. It was definitely the first week of the bull market where we can clearly say that we're in a raging bull market. And I think we're in the beginning of a bull market. But what's going to happen now is I think we're only about 25 % of the way into the bull market and the rest of this bull market goes up really, really, really fast. We've had the tame part of the bull market and the rest of the bull market goes up very fast. Now, a lot of questions. How high will we go? How long will this bull market run? What are going to be the top three, four, five coins that are going to perform in this bull market? That is what we're going to be discussing today. Today, I've got a massive, massive banter for you. I've got a big friend of the channel here joining us, Raul Paul joining us. And we're going to talk about everything to do with this raging bull market. Today is going to be a massive, massive, I'm going to say it again, massive show. So let's go. Let's do this. As I said, we're not at the weekly highs, but we've had an amazing week. And if I would have told you that Solana would be in the 40s or late 30s at the end of the week, you would have laughed at me. And if I would told you that Bitcoin would be around 35 ,000 or 34 ,000, you would have laughed at me. Yet, here we are, and we should be celebrating. We should be celebrating the month that we've had. We should be celebrating the week that we've had. But most of all, we should be celebrating the fact that, guys, we are finally, after 770 days, we are finally in the raging bull market. And today, we're going to talk only about one thing. We're only talking about the raging bull market, how long it will last, how big it's going to be, how much money we're going to make, how high Solana is going to go. And I think Raul Paul's got an amazing Solana prediction, and I wonder if it's anything similar my to prediction. But before we get into the main show, first of all, if you're not a subscriber to this channel, what are you waiting for? Subscribe. I'm going to wait. I'm going to wait. I'm waiting. Subscribe. All right, and if you are subscribed, just smash the Like button, especially if you like what we're saying here today. Smash that Like button. Obliterate it. Let's get into the meat and potatoes of the show. In fact, one more little announcement. If you haven't already voted in our winner Bitcoin competition, go and vote. Go and vote. So, if you want to win a Bitcoin, it's so simple. It's so simple. All you need to do is open a crypto banter account in any of our exchanges using any of our referral links. Ryan, Mal, Annie, Sheldon, any referral link that you want, even our school. And if you don't have an account, use these links over here to get the account. And you can get huge sign -up bonuses, $30 ,000 in buy, but that's obviously the main exchange that I trade on. $8 ,000 in BitGet, OKEx, CoinW if you're living in the States, BitGet if you're living in Canada. And then every account allows you for five votes, right? And you can only make one vote a week. So you better get there and start voting to get five chances to win one full Bitcoin. No one in the world is going to give you the opportunity to win one full Bitcoin so easily. Anyway, with that said. All right, let's get up onto the stage. Raoul, how are you, my friend? You're starting to feel like a bull market out there, hey? It is. I'm back in Little Cayman. That was bull market backdrop. So yeah, it does. That is the true story. That is the bull market backdrop. And we're back there again. I remember that. The pool table and the bar, real bull market stuff. But this week was like a week where, for the first time, I actually felt, you know what, we're back in that raging bull market territory, right? Yeah. And as you and I have talked about, I still think it's crypto spring. We're not yet in summer. But you're just getting the later stage of spring, where you start to have a few nice days in a row. And it starts to feel good. And you start to think about having drinks outside in the pub and doing things in the sun. So that's what that point. It usually really doesn't get going. This is usually the prequel. Usually doesn't get going until summer of next year, which is that kind of halving year. That's when it goes like this almost every day for 18 months. So I wanted to show you. It's not nice for once to come in and go, oh, my god, is that up that much? That was good. I must say, so the first thing is I read this quote, which says, an entire Bitcoin bear market is behind us, and an entire Bitcoin bull market is ahead of us. And I just think that that is so where we're at. But the same account, it's an account called Rec Capital. He says he believes that we're 26 .5 % into the bull market, which means that there's 75 % odd left of this bull market. I mean, if you look at his drawings, the first 76 .5 % is actually quite slow relative to the later stages of the bull market. That's right. I mean, if I were to ask you how far into the bull market you believe we are, is this a fair representation? Exactly. It matches the business cycle framework that I've been using, the halving cycle framework. I've been more erring towards a repeat of something like 2015 without that red herring of 2019. So I think we're at the stage where we're just kind of breaking out, then we're likely to finish the year strong, and then sideways for a while, sideways to down for a bit before it really gets going. So it's somewhere between the 2019 and the 2015 -16 cycle. And what do you think happened this week? Why this week all of a sudden did we get this wake up? Did something change? Did liquidity change? Did policies change? What was it that? I mean, is there anything, or was it just, we're just here, and that's it? It seems that there was some story that BlackRock had already bought some buffer so they can sell ETF when it comes out. But I don't think that's a lot, but there's clearly new capital come into the space. We saw it with CoinShares, a few others, starting to report inflows of capital. So that's new money going into the economy, and obviously, a bunch of board degens turn it into a lot of price rises. But then we had the other story that ignited, so Bitcoin had been strong anyway because of the ETF. ETH has been kind of, it was OK, but it's been pretty sideways for a while. The thing that really started igniting was both DeFi stuff. They came out of nowhere really rallying, and that's often early season stuff. And the other was obviously Solana. Yeah, well, so DeFi, you can see, if I look at the gains this week, you can see Solana is obviously the biggest. But then you do see the DeFi protocols. You see Aave, you see all the, I saw Uniswap had a run, and there it is to 10 .7%, Curve had a run. I want to talk a little bit about Solana. We will go into the macro, and we will talk about the macro. You were pretty bullish around Solana when we spoke last time. Now we've had the DevCon. I don't know how much you updated yourself around what happened at the DevCon. It was an amazing, amazing conference, let me tell you. I'm actually still here in Amsterdam. I'll tell you what I saw, and then maybe I'd love to hear your views. But for one, I saw that the community is absolutely thriving, and I came up with a metric of brains per square foot at the conference, brainpower per square foot at the conference. And from a brainpower per square foot at the conference, I don't think I've seen a conference like that since ETH DevCon in 2017, which is when the big brains of the Ethereum community actually arrived there. There were no retail investors. There was no Flaff. There was no one talking about price. They came out, and they spoke about real announcements. So every single announcement was a real announcement. Google was a real announcement. Visa was a real announcement. Render was a real announcement. AWS was a real announcement. There was no announcement that you could drill holes into. At the same time, they also came out with network upgrade announcements, which one of them was Fideancer, which is going to give them up to a million transactions per second. Everyone thinks that that's where it stops, but that's not where it stops. It takes it one step further because Fideancer is the last step in making Solana decentralized. Right now, there's only one Solana validator client, which is the Solana validator client that Solana wrote. Now, there's going to be a second one, which means that it's the first time that you've got a second validator client that can't be updated by the foundation, which means that it's really, really, really a decentralized protocol now that can do one million transactions per second on the main net without having to go into layer twos. So I'm leaving here. I'm leaving Amsterdam tomorrow, and I'm leaving here extremely bullish about Solana. Extremely, extremely bullish. The way I see it, if there's any protocol that is going to get that one consumer mass adoption app, it's going to be Solana. It's not going to be an ETH layer 2. That's how I'm leaving here. I know you weren't at the conference, but I'm keen to hear your views. So you're picking up exactly what my thesis has been, and that thesis has been growing for about a year and a bit about I think Solana's main thing is this consumer chain because it can do a lot. So obviously, when it sold off last year, I bought it all the way through. And then I started going down the fire dance a rabbit hole. And I'm like, OK, this is a game changer because jump trading who are building it, they have one constraint that they try and work to, which is speed of light. Because what they're trying to do is get that order in to the exchange and the prices out of the exchange as fast as possible ahead of all their competition. So there's that whole book, Flash Boys, about this, where it's all about the size and the quality of your fiber optic cable and how close you are to the exchange. And then it's how fast your computer is. So they fully understand this. And they've built it to be fast enough for high frequency trading. OK. Now, for people to understand what a million TPS means, Twitter is like 24 ,000 TPS. WhatsApp is like 40 ,000 TPS. It's like this is a order of magnitude. It's 20x what Solana does, which is already the fastest chain. So the applications that's going to come out of this are game changing. And it's kind of pushed apart the argument of the trilemma because it not only made it more secure, but cheaper and faster. So, OK, that's interesting because that was not supposed to be solvable. It feels to me like we're solving some of the blockchain trilemma. On top of that, compressed NFTs. To be able to create a million NFTs for $100 basically tells me that's ticketing, that's all sorts of stuff, receipts, anything. So you've created new business models that people don't understand exist yet. They're still thinking of, you know. I'm actually getting something out on my phone, which I managed to take at the conference. And I actually think I want to read this out to you. So if you want to mint 10 ,000 NFTs on Solana, it'll cost you $18. If you want to mint 10 ,000 NFTs in Ethereum, it'll cost you $30 ,855. If you want to mint 10 ,000 NFTs on Polygon, it'll cost you $52 .09. OK, so when you scale that up to 10 million, on Solana, it'll cost you $5 ,219. On Ethereum, it'll cost you $31 million. And on Polygon, it'll cost you $52 ,087. So this is, and this is before FireDancer, by the way. This is before you implement FireDancer, just to give you an idea of the power of this network. And this is why Visa are interested. This is why, you know, they're starting to have a lot of announcements, because what they've built now is something truly extraordinary. And the price is truly extraordinary, because nobody believed this. Exactly. They were so busy saying, it's a FTX token, it's a SAM coin, it's going bust, there's no devs. It was all bullshit all the way through. Yeah, yeah. Look, we were obviously buying, we were encouraging the community to buy, we were unpopular for buying. I mean, I showed the community the trades that we actually took. I'm interested, I mean, let's have some fun. And I'm not going to hold you to any price predictions. But when I look at the market cap of ETH, I think the market cap of ETH today, and I'm going to in the beginning of a cycle, you know, we can argue that this is probably the beginning of the altcoin cycle, the market cap of ETH is about $220 billion. The market cap of Solana is about $17 billion. So you know, under the assumption of going into a bull market, let's have some fun. And just like, where do you think Solana can go in the cycle? So how I've been thinking about it is looking at previous cycles, how high above the previous high goes. it So if we look at, you know, if you look at Solana now, or you can look at Ethereum in the previous cycle, I think of Solana very much like Ethereum in 2017. OK, let's get that chart out. So that is Sol, and Sol's going back, let's go back to, that's Ethan, let's go back to 2017. Let's go on a weekly, it'll just make it quicker and easier. Yeah. So 2017, ETH went to $1 ,640. The starting point was obviously the ICO, which was at a couple of cents, I think $0 .07, $0 .09. It went to about $1 ,640. The next cycle, it went up to, I think, $5 ,400. $5 ,000. Yeah. So it was like a 3x above the all -time high. Yes. So then what's the all -time high of Solana? It's about $250. Yeah. So you say, OK, a reasonable target would be 3x the all -time high. OK, so that would take Solana to $600, which is a 12x. Now, this is exactly my thesis. So hear me out, yeah. I think it goes further than that, potentially, but who knows, right? We've all learned from the previous bull market not to give price targets because people just want to beat you over the head with them. Yeah. I mean, we're just having some fun. I mean, just looking at some scenarios. For me, the way I looked at it, I said, look, if Solana just gets to 80 % of ETH, what ETH is now at the top of the cycle? And if that happens, Solana gets to call it a $180 million market cap, which is about, which is, I think today it's at a 15, so it's a 10x. So what you're saying in terms of $600, I'm saying probably $500, $400, $500. So I think the numbers are there or thereabouts. Yeah. And obviously, the numbers have changed dramatically, because when I started looking at this, it was trading at 20, like 20, and we've already gone up a lot since then. So these numbers keep halving every time we keep going up a lot. But yeah, my idea is somewhere between $500 and $1 ,000, just depending what that market feels like. Do you see a world, do you see the world like I see the world, I see like top of the cycle Bitcoin, Ethereum, Solana, and then everything else underneath it, the BNBs, the XRPs, the you know, the only one, the only one that I don't know is what's going to happen with stablecoins. But I think if we remove stablecoins, I kind of see it as like Bitcoin, Ethereum, Solana. I actually do too, which obviously means we're going to be blindsided by something else that's interesting that we didn't think of, you know, the Solana of this cycle. What is that going to be? I'm not good enough to pick those, you're better at picking the smaller stuff. I just, I'm, you know, with a macro bet like this, it's like so much easier, because like, it's so fucking obvious. You know, it survived a crisis, it launches, the tech goes massively improving, the community's good, the only on Solana narrative is very good. So, Tolly is one of the best thought leaders in the entire space. You're like, okay, this is, it seems like the highest quality bet. You know, I did a show earlier this week for my community. And you know, what I said is, you have like 500 days to make life -changing money in crypto. And when I say 500 days, that takes you to the top of the next bull market. And I said, look, the secret is that what you're going to do is you're going to have a fully diversified portfolio. You're going to put the majority of your chips into the tokens that you think are very safe. And this was the last ETF that we actually made, it was Bitcoin, Ethereum, Solana, and we put 50 % of our money into Bitcoin, Ethereum, Solana. But then we had a few that actually exploded, like Casper exploded. And the $200 investment became worth $101 ,000 and the Kujira $300 investment became a $92 ,000 investment. So, you know, if you did that, your $10 ,000 became worth $400 ,000. And that's, I think, the importance of placing some small bets on the ones that you're pretty scared of. Yeah. But the other flip side of that, as I said, you're better than me, is I end up with the shrapnel of shame sitting in my wallet of all of the things that I bought. And it's fine. It's like a VC. You don't know what's going to fly, what's not. I just never had any of those fly. So I've just got a bunch of shame sitting in various wallets.
Bloomberg Radio New York - Recording Feed
Monitor Show 16:00 11-03-2023 16:00
"Pop culture is always evolving, and those changes impact our lives in ways that are both visible and not so obvious. I'm Lucas Shaw, and I cover the business of pop culture for Bloomberg. My job is to uncover how entertainment is changing and explain what that means for you. Because context changes how you see things, how you change things. Context changes everything. Start exploring my coverage and more at Bloomberg .com. If it does unravel and sort of what would be, I guess, the catalyst that leads to that. We are getting the closing bells here in New York. Let's walk you through the numbers here. An update and an up week for most of the major indices here in the U .S. We start with the Dow Jones Industrial Average, higher on the day by about six tenths of a percent, up about 200 points, back above that 34 ,000 level, and adding to what is now gains of about five percent here on the week, best weekly performance for the Dow going back to October of 2022. Meanwhile, the S &P 500 up nine tenths of a percent on the day. That's adding to about what is now going to be a six percent gain on the week. Best week going back to November of 2022. And the Nasdaq composite also getting in on the action up about one point four percent. And again, once again, having its best week since November of 22. But look at this. We've got to talk about the Russell 2000 here, because it was an outperformer all day long, all week long, up about three percent here on the day. It's best day going back to mid June. And on a weekly basis, an eight percent gain appears to be locking in. Best week for the Russell, Carol, going back to February of 2021. What a shift in sentiment and going into a weekend. It's kind of interesting to see all this enthusiasm. You look at the S &P 500, 415 names to the upside, 85 to the downside. Nasdaq 100, you've got 84 names gaining today, Katie, and 17 to the downside. So really a risk on trade once again. Yeah. And again, you can see the same sort of story playing out in the.
Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
A highlight from 1450: I Expect Bitcoin ETF Approval By End of Month
"In today's show, I'll be breaking down the latest Bitcoin technical analysis. Also, Sam Bankman freed. He is found guilty on all seven charges in the FTX fraud trial. Quoting Max Kaiser, tough talk when it comes to the minor league drug Adderall ish corner like SPF, but where's all the bravado when Jamie Diamond gets caught manipulating markets and defrauding the public again or the next crooked Warren Buffett bailout? He makes great point. Also in today's show, Bitcoin to the moon. Send it. I'm going to be sharing with you the top five Bitcoin price predictions for twenty twenty four and beyond. That's what's up. Also, the latest from Cathie Wood of ARK Invest, also a twenty seven hundred percent Bitcoin price explosion is incoming courtesy of one catalyst, according to the BitMEX founder Arthur Hayes. We'll also be talking about breaking news. The Valkyrie CIO expects the spot Bitcoin ETF approval before the end of the month. We'll also be taking a look at the overall crypto market. All this plus so much more in today's show. Yo, what's good, crypto fam? This is first and foremost, a video show. So if you want the full premium experience with video, visit my YouTube channel at CryptoNewsAlerts .net. Again, that's Crypto News Alerts dot net. Welcome, everyone. Today is podcast episode number fourteen hundred and fifty. Can you believe it? I'm your host, JV, and today is November 3rd. Welcome to Moonvember of twenty twenty three. Let's kick off today's show with our market watch as we do each and every day. We got Bitcoin up about a quarter percent, hovering just under thirty five thousand. We have Ether up point three percent trading at eighteen hundred dollars. Cardano, one of the top gainers, up five and a half percent and also XRP barely in the green. And if we are in doubt, they say you need to zoom out. Let's look at the one month. Wow, that's much more sexier, isn't it? Now we have Bitcoin up twenty seven percent for the month. We got ETH up about 10 percent. Solana is up almost 70 percent. Cardano up twenty three percent. XRP up fourteen percent. BNB up seven percent. Personally, I love it when everything in crypto is a winner. It don't get no sexier than that. And look at Chainlink up fifty two percent for the month. Good lord. And check it out. Coin market cap percent in just under one point three trillion with about forty five billion in volume in the past 24 hours. Bitcoin dominance pulled back a little bit, currently at fifty two point seven percent, and the ether dominance in the 16 percentage range for the first time I have ever seen that I could recall. It's currently at sixteen point nine percent as Bitcoin dominance continues to outpace the rest of the market, especially Ethereum. And checking out the top one hundred crypto gainers of the past twenty four hours for chain up fourteen and a half percent trading at three dollars and twenty cent and Oasis Network up twelve percent trading at six point two cents, followed by the trust wallet token up almost twelve percent trading at a dollar twenty three and checking out crypto bubbles so we can see the top gainers for the past week. Massive shout out to Emilio. I appreciate the super chat. Fam, you're way too kind. Much love, much respect. He just said you are amazing. Nah, I think you're amazing. And I appreciate the orange so we can orange pill more mofos and help change the world. Let's freaking go. Much love, fam. But as we can see on the crypto bubbles on your screen, we got a lot of gainers overall. That means the market cap is pumping and a rising tide rises all ships and checking out the crypto greed and fear index. We're currently rated a sixty five in greed. Yesterday was a seventy two last week, a seventy and last month a forty nine, which is neutral. So there you have it, my fam. What's your thoughts on the current Bitcoin price action? Let me know. Are you pumped up for Moomvember? I sure as hell am. Let's dive into our Bitcoin technical analysis for the day. Check out the charts with a Bitcoin price action is likely to go next. Bitcoin broke below thirty five G's baby after the November 2nd Wall Street open, as analysis warned of overheated derivatives. As you know, derivatives are financial tools of financial destruction. Yeah, for real. Now Bitcoin under does the post fed gains. We're currently tinkering just under that thirty five thousand, which is now back at a resistance. The highs had come on the back of the encouraging language from Jay Powell, the chairman of the Federal Reserve, who in a speech suggested the interest rate hikes might soon end. Now, the Fed opted not to change the rates at the latest meeting on the Federal Open Market Committee, which was November 1st quoting their press release. Recent indicators suggest the economic activity expanded at a strong pace. In the third quarter, job gains have moderated since earlier in the year, but remain strong and the unemployment rate has remained low. Inflation remains elevated and accompanying press release stated. They also shared here that the U .S. banking system is sound and resilient. Sure it is. Tighter financial and credit conditions for households and businesses are likely to weigh on economic activity, hiring and inflation. The extent of these effects remain uncertain. The committee remains highly attentive to inflation risk. We all know they're full of ish, right, to say the least. And quoting crypto analyst, Bitcoin breaks out, reaches a new yearly high, which is currently just shy of 36 G's. Now, not a massive breakout, but as long as we say above 34 .8, which we currently are, the next target is 36 .5 to 37 ,000. And the altcoins will follow after, which is typically what seems to go down. Now, down over a thousand from its highs. Bitcoin was worrying some with derivative markets, particularly in the focus, quoting Charles Edwards at Capriole Investments. All Bitcoin derivatives markets are overheated at present. This captures the perps, futures and options. Stay safe out there. And also, we have reacting popular trader school agreed that arguing it was now the spot market to charge of saving the Bitcoin price strength, as he shares here, something to be aware of when sizing up positions currently, when derivatives get hot. This puts increasing focus on spot market to support the current prices and the trend. That's right. In his own analysis, we also had material indicators concluding caution should be applied to the current Bitcoin trading environment, meaning expect more volatility ahead and uploading the snapshot of liquidity on the Bitcoin order book for the largest global exchange, Binance. It warned support levels were apt to disappear quickly. A form of a rug pull. So you have been warned. Newcomer support gaining liquidity at this time lay at both 34 and 33 .5. So there you have it, fam. Again, how many of you are currently bullish on that? King crypto. And with that being shared, now let's discuss our next story of the day. The latest from Michael Saylor. He was recently interviewed on the news and shared some very positive sentiment in the Bitcoin market. Also, he has been a dollar cost averaging and stacking stats. This week, the Bitcoin price came within a hair of thirty six. I think we hit like thirty five nine ninety during our watch party before abruptly reversing and correcting to thirty four to fifty. But after nearly a 30 percent run over the past month, it is natural for the price to cool off as some traders take profit and market participants evaluate whether or not the catalyst for the rally remain valid. Now, despite the intraday price action, which saw almost five percent drawdown, a number of analysts remain bullish on Bitcoin naturally, and some expect another gamma squeeze. If the Bitcoin price manages to push through the thirty six three hundred level, we're only like four hundred dollars off of that right now. Just FYI, permables like MicroStrategy CEO Michael Saylor appear unbothered by the whipsaw price action. And on November 1st, MicroStrategy announced the October purchase of one hundred and fifty five more Bitcoin for five point three million. As the outlines here in October, MicroStrategy acquired additional one hundred and fifty five BTC for five point three million bucks, now holding one hundred and fifty eight thousand four hundred BTC like, whoa, and what's the most mind boggling? Saylor didn't even get into Bitcoin until twenty twenty. So it goes to show you someone can come here in twenty twenty three and become an even bigger whale than Michael Saylor. In fact, the likes of the Black Rocks of the world put Michael Saylor to shame because we're talking about mega mega mega whales on a massive scale. And when asked about the upcoming Bitcoin having during an interview on Squawk Box, here's what he had to share. Most of the natural sellers of Bitcoin in the market right now are Bitcoin miners and they have to sell to cover their electricity bills and capital costs and retire their debt. That's about a billion dollars per month worth of selling into the market. The protocol forces that to be cut in half as of next April or late April. And he also says, so you're going to see twelve billion bucks of natural selling per year converted to six billion of natural selling a year and at the same time as things like the spot ETFs increase the demand for Bitcoin. So that's why all of us are fairly bullish over the next 12 months. How many of you are bullish? Let me know. Demand is going to increase and supply is going to contract. And this is fairly unprecedented in the history of Wall Street. That's what's up now is a pretty ideal entry point for Bitcoin, according to Saylor. Also, he was recently interviewed and I actually transcribed this video clip when he was speaking on Squawk on the street. And I feel this is very relevant. Here's what Saylor says for the industry to move to the next level. We need to migrate to adult supervision. We're going to need the big banks to become the crypto custodians. We're going to need Wall Street to take a role and we need to rationalize away from the one hundred thousand crypto tokens. You know, the yo yo coins that people are manipulating to Bitcoin. Bitcoin is an asset without an issuer. It is the one universally recognized protocol that is a commodity in the space. And so when banks on Wall Street and responsible custodians are managing Bitcoin and the industry takes its eyes away from all the shiny little tokens that have distracted and demolish shareholder value, I think the industry moves to the next level and we 10x from here. Now, what's another 10x from the current price action we're talking about roughly? What is that? Three hundred and fifty thousand dollars per BTC. Send it and let's frickin go. Also quoting him here, I think the liabilities or the early crypto cowboys, the crypto tokens, which are unregistered securities, the unreliable crypto custodians for the industry to move to the next level. We're going to need to migrate to adult super vision. And I shared with you the rest of that quote. So there you have it. Let me know if you agree or disagree with the one and only giga Chad Michael Saylor. Next story of the day. This is breaking news. SBF has been found guilty in all seven fraudulent charges. Yeah, this is wild. Yeah, here we go. I'm going to read all this to you. Former FTX CEO Sam Bankman Freed was found guilty of all seven charges by a jury in his criminal trial in New York after about four hours of deliberations, meaning it didn't take long. Bankman Freed was found guilty of two counts of wire fraud, two counts of wire fraud conspiracy, one count of securities fraud, one count of commodities fraud conspiracy and one count of money laundering conspiracy. Good Lord. That's a lot of charges and it's just getting started. He'll be back in court in March to continue with some more charges to probably get guilty of. We'll return to the court for sentences by New York District Judge Lewis Kaplan March 28th. So that's the date is right before the having. Government prosecutors will recommend a sentence, but Judge Kaplan will have the final say. Now, Bankman Freed's crimes each carry a maximum sentence of between five and 20 years in prison with the wire fraud, wire fraud conspiracy and money laundering conspiracy carrying a maximum of 20 years sentence in a press conference outside the court, the New York Southern District U .S. Attorney Damian Williams called Bankman Freed's crimes a multibillion dollar scheme designed to make him the king of crypto, right? The Michael Jordan of crypto, the Warren Buffett of crypto and of one the biggest financial frauds in American history, Bankman Freed's attorney Mark Cohen said in a statement, we respect the jury's decision, but we are very disappointed with the result. Naturally, Mr. Bankman Freed maintains his innocence and will continue to vigorously fight the charges against him. Anyone here in the chat. We have over 200 people in the live. Anyone believe he is innocent? I am just curious if there's any outliers out there. Anyways, other key FTF execs, including former Alameda CEO Caroline Ellison, FTX co -founder Gary Wang and former engineering head Nishad Singh have all pleaded guilty to various charges and work with the government to testify against Bankman Freed in the five week trial. Now, Bankman Freed had pleaded not guilty to all the charges. And during his trial, he took the stand to maintain his innocence against the best wishes of his lawyers who told him to shut the what up, just saying, and marking the FTX November 2022 collapse as a number of big mistakes I made. He denied any wrongdoing in the FTX relationship with Alameda, attempting to distance himself from key decisions, which we all know is not true, according to the testimonies of their execs, Bankman Freed pinned the blame on Gary Wang for creating a function that allowed Alameda to trade funds on FTX that it didn't have and claimed he wasn't entirely sure what happened. Oh, I don't know what happened with Alameda's line of credit, which ballooned to billions in the collapsing crypto market of 2022. In his testimony, he also blamed Caroline Ellison for not focusing on risk management. How are you going to blame your ex? That's just why. Anyways, he didn't believe he defrauded FTX customers by taking over eight billion worth of their funds. Instead, he framed it as Alameda just borrowing from the exchange. Yeah, borrowing from investors without their permission is called stealing. I just wanted to point that one out. Now, Max Kaiser responded to this attorney who spoke out and he said, this is tough talk when it comes to the minor league, the drug Adderall ish coiner like SPF, but where's all the bravado when Jamie, the tapeworm diamond, the best the CEO, JP Morgan Chase, gets caught manipulating markets and defrauding the public again or the next crooked Warren Buffett bailout? You talk a good game, but you're no different than SPF. And I think Max makes some excellent points. The big dogs get away with this all the time, of course, but clearly there's levels to this ish, if you know what I mean. Now, what are your thoughts surrounding this case? How do you think this will likely continue to play out in March as they continue with the court trial facing more charges he's up against? Let me know, fam. I appreciate that. I got some very bullish predictions to share with you. In fact, I'm going to be sharing with you the top five Bitcoin price predictions for twenty, twenty four and beyond. Bitcoin continues to circle its highest levels in 18 months. Again, the annual high for the year is currently almost thirty six thousand dollars, but let's dive right into the predictions. First and foremost, Matrix Port predicts forty five thousand within two months. So two months from November would mean January. I could definitely see Bitcoin hitting forty, fifty thousand easy peasy before the halving. But let me know your thoughts. Now, that prediction came from Matrix Port, the crypto trading firm founded by Jihan Wu, himself a founder, a Bitcoin mining giant Bitmain in a blog post in late October. Matrix Port doubled down on a forty five thousand year end price targets. That's the Christmas target. Let's go, Santa, which is initially revealed in January. It was based on a handful of in -house models with Matrix Port also successfully predicting Bitcoin's October gains. Quitting them here, Bitcoin is breaking above the July thirty one five resistance showing that forty five is achievable by the year's end. And again, I think that's a very doable target. But let me know your thoughts. The next prediction comes from Bitcoin. They say new all time high pre halving. I also agree with that, especially if we get the ETF approval. I would anticipate above and beyond sixty nine thousand before the April twenty twenty four halving, but that's only if you know what I mean. We'll see how this plays out. The halving is a watershed moment. We all know the blocks of subsidies get cut in half for the miners in September. Bitcoin stated Bitcoin would surpass its current sixty nine thousand peak before April of twenty twenty four. Now they shared here, no, Bitcoin is not going to top before the halving. Yes, it's going to reach a new all time high before the halving. No, Bitcoin is not going to one hundred and sixty G's because the magnitude of every pullback is large. This means it'll peak after the halving in twenty twenty four. And yes, the target price is around two hundred and fifty thousand dollars. I love that. That's right in alignment with Max Keiser's short term target of two hundred and twenty thousand. Now, they also shared this chart. Both the all time high and the post halving two hundred and fifty thousand target came courtesy of the Elliott Wave theory charting, which we cover commonly here in the show with Bitcoin mimicking the behavior from the previous cycles. And you can see their estimation of how the Bitcoin price is likely to rise is coming directly from Bitcoin. Now, Bitcoin did, however, make room for a total of four pullbacks. As outlined in this chart, you can see one, two, three, four. Before we hit the peak at five, quoting them here, there will be one pullback before breaking to a new all time high, followed by another pullback at around one hundred and twenty five thousand. Additionally, there will be two more pullbacks after the halving, which are not demonstrated here. Now for the next one, three Bitcoin price models, one hundred and thirty thousand dollar target zone. That's right. Let's freaking go. Quoting CryptoCon here, I'm prepared for the lower prices, but the stars are aligning at one hundred and thirty for the Bitcoin this cycle. And the concept also hinges on the halving events and the next peak should come around four years after the sixty nine thousand dollar move in November of twenty twenty one. We all know everything is cyclical and Bitcoin every four years driven by the halving. Now the one million dollar question. How about a one million dollar Bitcoin price target leads us to Kathy Wood of ARK Invest, the CEO and chief investment officer, has joined former BitMEX CEO Arthur Hayes in doubling down on her seven figure price prediction when this could happen, understandably up for debate. But changing macroeconomic tides have emboldened what remains a daring Bitcoin price prediction. In October, Hayes maintained that the path to a one million dollar coin was in full effect thanks to the macro reality. Now quoting BlockWorks on the Margin podcast right here, this was shared actually on an interview. If people lose faith in the bond market and this fiat artificial construction we have created over the past 80 to 100 years, this global economy and how it has been structured, if we lose confidence in that, then the amount of money that's going to be looking for an alternative is going to be something that we have never seen before. He shared over in an interview and speaking of Kathy Wood, she was just on Bloomberg and here's what she shared when she was asked, what's a better hedge against inflation? Is it Bitcoin or is it gold? And very boldly she said, Bitcoin hands down, hands down is a hedge against both inflation and deflation. Yes, so is gold, but Bitcoin is digital. And if you look at the incremental demand we are going to see, but gold already has its demand. You know, it happened already, right? Bitcoin is new and institutions are barely involved in the young people would much rather prefer to hold Bitcoin than hold gold preach. So it's interesting that both gold and Bitcoin are hedges against deflation, but Bitcoin has been doing better recently preach and Bitcoin naturally will consider outpacing gold. I think it was Max Kaiser who said for every dollar, the Bitcoin price action increases. I'm sorry for every dollar, the gold price increases expect Bitcoin to go up by over $20 meaning it will continue to outpace gold by a factor of 20. Let me know if you agree or disagree fam. And we spoke about Kathy Wood and her a $1 million price prediction. In fact, she even has a bullish case scenario by the year 2030 of Bitcoin hitting $1 .48 million. Keep that in mind. But now let's discuss Arthur Hayes, the BitMEX founder predicting Bitcoin price to rally 2700 % taken us to $1 million per coin. And then we'll dive into the latest updates with the likelihood of the spot Bitcoin ETF being approved this month in November. According to the major asset manager, here we go. BitMEX co -founder Arthur Hayes is doubling down on a prediction. The Bitcoin is destined to reach the seven figure price. Hayes says that a monetary policy tool known as the yield curve control will act as the catalyst for Bitcoin to reach that 1 million Mark, a gain of around 2 ,700 % from the current level. Send it, let's go. Central banks use the yield curve control to influence the longterm interest rate level by buying longterm bonds as much as possible to prevent the rate from rising above the intended target. And according to Hayes, the entire U S government is enabling a loose monetary policy environment. Even as the fed continues tightening. Now the BitMEX founder first predicted seven figure Bitcoin earlier this year in March in that essay, which I covered here on the show. And at the time, he argued that China's loosening of his monetary policy would trigger Bitcoin to explode to $1 million per coin. Hayes also says the decision by the fed mid this week, uh, pause the rate hike interest rate suggests it's time to pump it up, pump, pump it up. And according to the BitMEX founder, the feds decision would trigger other central banks to also ease their monetary policy. Quoting him here over to you, BTC, let's go. I shall increase the pace of my rotation out of treasury bills and into Bitcoin and ish coins. Now that the fed had paused over two meetings, every other central bank has cover to print expect massive stimulus coming from China, Europe and Japan. So there you have it coming directly from crypto Hayes. Just blaze. Let's get it now for the moment you have all been waiting for. Let's dive into our featured story of the day and discuss a Bitcoin ETF being approved this month in November. And what would that mean for the crypto market? Let's break this baby down. We have Steven McClurg, the chief investment officer at Valkyrie investments has put forth a strong indication that a landmark approval from the U S SCC for a spot Bitcoin ETF can transpire by the month's end. Send it and let's go. The approval of the spot ETF is currently one of the biggest factors influencing the Bitcoin price as well as the entire crypto markets trajectory. You can say that again now alongside the financial giants such as black rock, the world's largest asset manager fidelity, which is about half the size of black rock. We got Vanek, we got Invesco, we got Valkyrie, one of the companies at the forefront of the battle with the SCC over the spot ETF. We also have grayscale. Don't forget the GBTC product. We have the firm managing to Bitcoin related ETFs at the moment. Now Valkyrie Bitcoin and ether strategy ETF and the Valkyrie Bitcoin miners ETF with a combined asset value of 51 .1 million at this time. And they also have active filings for spot Bitcoin ETF. Now McClurg, citing the latest amendments to Valkyrie spot, Bitcoin ETF app anticipates the SCC will issue another series of comments within the next weeks, potentially setting the stage for the approval of the 19 before rule changes by the end of the month. Send it quitting him here before anything else happens, we get a second round of comments and I believe we'll probably get those comments in the next one to three weeks. A late November approval likely means a February launch. So note that if we get the green light in November, it means the Bitcoin ETF would likely launch a few months later in February, which would be right in time again for the Bitcoin having. Now he also shared with ETF .com this interview suggesting a timeline for the SCCs response to these crucial amendments. He also argues the SCC can wait until January to ask the applicants to put the final touches on their S one filings. That's the other alternative scenario. Now Nate Geraci, host of the ETF prime pod explain that Valkyrie CIO suggests SCC can approve the 19 B fours exchange rule changes for the spot Bitcoin ETFs by the end of November and then the S one registration statements early next year. These don't have to be approved at the same time, so keep that in mind. Though they need both for the ETFs to begin trading. Now in recent weeks, the SCC has been actively communicating with ETF apps and disclose that the agency is carefully scrutinizing all spot Bitcoin ETF apps. The focal points of the SCCs inquiry have pertained to the comprehensive explanation of various risk disclosures, methodologies concerning index usage and net asset value computations, environmental risk inclusions, as well as detailed insights into custodial practices. Recent amendments to filings by entities such as BlackRock and VanEck have been augmented to eludicate how initial fun seating could be conducted and also note that BlackRock already began seeding their ETF back in October, which was last month. This is something that Larry Fink their CEO has already disclosed. Now because of that, industry experts remain cautiously optimistic. We have Matt Hogan, the CIO of bitwise asset management, highlighting lingering concerns, quitting him here. Market manipulation is still a potential stumbling block. Custody isn't a wrap, so there is still a lot of work to do, he stated. Now the anticipation isn't purely speculative. The man forecast suggests substantial interest. McClurg envisions about 10 billion bucks flowing into these products within the first one to two months post launch. While bitwise projects 50 billion in inflows within the first five years. I think that's extremely conservative. I could see trillions of inflows within five years, but hey, to each their own. Valkyrie revised its spot Bitcoin ETF filing October 30th a few days ago with an S1 registration statement submitted to the SCC outlining the Valkyrie ETF. The proposed fund shares are intended to be listed under the ticker BRRR on the NASDAQ stock exchange. Valkyrie updated their app and a part of a wider trend as several firms have similarly refiled their spot ETF apps signaling a concerted effort toward regulatory compliance and optimism for approval. Bloomberg ETF analyst, James Saferard identified these amendments as positive signals for progress and possible imminent approvals. Let me know which you think will get the green light first from the SCC. We all know it's imminent. We all know it's going to happen, but when is it going to be November? Is it going to be December? Could it be January? Could it be March? Let me know in the live poll we have on the screen. I have some bonus content to share with you before we dive into the live Q and A. This is from jury and Timur. Why is this so relevant? He is the head of macro at fidelity fidelity being a four and a half trillion dollar asset manager. He's the one who predicted a billion dollar Bitcoin price by the year 2038 and here's something he just recently shared. He shares some incredible threads I want to share with you. Bitcoin is volatile, but it's scarcity and adoption curve create the potential for it to be a high powered hedge against monetary shenanigans. I think of it as exponential gold and in this chart it shows you Bitcoin going past $1 .2 million per coin. That's pretty sexy. Gets me excited as he shares here. One of the attributes of Bitcoin is that it's a network asset and as such it's adoption curve has followed the typical S curve shape. We have seen many of the S curves throughout history and he continues here in the thread. The question, where is Bitcoin's journey along that S curve? A network assets value is driven by its adoption curve, so the slope of that curve matters a lot. Makes a good point. And when I first went down this rabbit hole in late 2020 it's adoption curve, which I defined as the number of non -zero addresses was very steep. It resembled the S curve for mobile phones during the 1980s and the 1990s, which was pretty promising. I'm going to read you a few more now. However, as the real rate narrative changed from dovish in 2020 to hawkish in 2022, the adoption curve flattened and it is now closer to the slope of the internet adoption curve from the two thousands and it has not made much progress since 2021. Now we also had some other threads which are very valuable. I'm just going to read the lead part of it with Bitcoin moving up. Once again, will its adoption curve accelerate as it did a few years ago and how does the macro trend on rates affect it? There's some very insightful data. If you want this, check the show notes below the video in the description. I'll include all of this. And he had one more good thread continuing the discussion from the recent thread on Bitcoin. I highly recommend you check this out because again, this is the head of macro over at Fidelity, one of the world's largest asset managers. So there you have it, my crypto fam and don't forget to check out cryptonewsalerts .net for the full premium experience with video and to participate in our live Q and a, and I look forward to seeing you on tomorrow's episode.
Markets Daily Crypto Roundup
A highlight from Crypto Update | Bitcoin vs. Ether Investment Theses
"This episode of Markets Daily is sponsored by CME Group and PayPal. It's Friday, November 3rd, 2023, and this is Markets Daily from Coindesk. My name is Noelle Acheson, Coindesk collaborator and author of the Cryptos Macro Now newsletter on Substack. On today's show, we're talking about market reactions to the employment data, gold buying, Bitcoin versus Ether investment theses, and more. Be sure to follow the podcast on your platform of choice and turn on notifications so you don't miss an episode. Just a reminder, Coindesk is a news source and does not provide investment advice. Now, a markets roundup. Crypto markets started off weaker today as traders caught their breath after some wild moves this week. But then the US employment data turned things around and prices started claw back some of the day's losses. According to Coindesk Indices, at 9am Eastern Time this morning, Bitcoin was trading down 2 .6 % over the past 24 hours at $34 ,450. Ether was falling by slightly less, down 2 .1%, trading at $1 ,799. Other corrections earlier today were even steeper. Solana, whose year -to -date up performance I spoke about yesterday, was down over 9%. The Flow Token was down almost 7%. Sui's Synapse and Compound were down 6%. In macro indicators, today was a big day for data releases. One of the most significant metrics in terms of interest rate expectations is the US employment data. A stubbornly strong jobs market has kept consumption high, which makes it harder to bring down inflation. Any signs of weakness in the job market could be taken as a sign that the US interest rate hikes are finally starting to bite. This is what we got today. The three key figures to watch are the increase in non -farm payrolls, the increase in average hourly earnings and the unemployment rate. All three came in softer than expected. The number of net new jobs created in October was expected to be 180 ,000, which was already a big step down from September's initial report of 340 ,000. The increase came in at 150 ,000. It's also worth noting that the net new payrolls for the previous two months was revised down by 100 ,000. The average hourly earnings increase decelerated in October to 0 .2 % month -on -month from 0 .3 % in September. On a year -on -year basis, the increase was 4 .1%, down from September's 4 .3%. And the unemployment rate ticked up to 3 .9%, its highest rate since January of last year. Average forecasts had been for an October unemployment rate of 3 .8%, which would have been flat on September's number. You're probably thinking that the weakness isn't much. Jobs still grew by a hefty amount, and a 10 basis point increase in the unemployment rate is hardly indicative. You'd be right. But the thing about the unemployment rate is that when it starts to turn, it tends to turn fast. Higher unemployment impacts spending, which impacts company revenues and profits, and generally leads to more layoffs and higher unemployment in a very sad spiral. Not surprisingly, markets are liking this, as the softening of the labour market does reinforce the thesis that peak rates are in. It may feel awkward to celebrate more people losing their jobs, but markets have been eagerly waiting for signs of an economic slowdown because of how it could impact the timing of interest rate cuts. While those are still a ways off, if this week's FOMC statement and press conference is anything to go by, the Fed's decision matrix just got a bit easier. The Fed will no doubt be weighing the risks of hiking too much and triggering a deep recession, with the risks of doing nothing for a while to see what happens to the data. Today's release suggests that the latter is more likely. As we head into record, US bond yields are falling fast. The US 10 -year yield is almost at 4 .5%, having touched 5 % just a few days ago. The 2 -year yield is below 4 .9%, the lowest point since early September. In stocks, US markets were cheerful yesterday, with the S &P 500 rallying 2 % its strongest session since April. The NASDAQ and the Dow Jones each rose around 1 .7%. This morning, futures were pointing to a good reception of the employment data I just spoke about. In Europe, the main indices also all rose yesterday for the fourth consecutive session. The FTSE 100 was up 1 .4%, the German DAX was up 1 .5 % and the broader -year stock 600 was up 1 .6%. This morning, stocks were largely flat up until the US employment data, but have been picking up since then. In Asia, Hong Kong's Hang Seng index was up a whopping 2 .5%, while the Shanghai Composite rose 7 .10%. Japan's market was closed today for a holiday. In commodities, oil prices were also lifted by the positive market mood yesterday, with the Brent crude benchmark registering an increase of just over 1%. So far this morning, Brent is up a further 0 .5 % on the day, trading at $88 .33 a barrel. Gold continues to hold relatively steady, trading at $1 ,990 per ounce. Staying with gold for a second, earlier this week, the World Gold Council published its quarterly report, which showed that central bank buying of the metal was up 14 % year -on -year. It seems more central banks are reducing their holdings of US treasuries and increasing holdings of gold. China was by far the largest purchaser, with Poland and then Turkey trailing a distant second and third. Stay with us, after the break we turn to some listener questions.
CoinDesk Podcast Network
A highlight from MARKETS DAILY: Crypto Update | Bitcoin vs. Ether Investment Theses
"This episode of Markets Daily is sponsored by CME Group and PayPal. It's Friday, November 3rd, 2023, and this is Markets Daily from Coindesk. My name is Noelle Acheson, Coindesk collaborator and author of the Cryptos Macro Now newsletter on Substack. On today's show, we're talking about market reactions to the employment data, gold buying, Bitcoin versus Ether investment theses, and more. Be sure to follow the podcast on your platform of choice and turn on notifications so you don't miss an episode. Just a reminder, Coindesk is a news source and does not provide investment advice. Now, a markets roundup. Crypto markets started off weaker today as traders caught their breath after some wild moves this week. But then the US employment data turned things around and prices started claw back some of the day's losses. According to Coindesk Indices, at 9am Eastern Time this morning, Bitcoin was trading down 2 .6 % over the past 24 hours at $34 ,450. Ether was falling by slightly less, down 2 .1%, trading at $1 ,799. Other corrections earlier today were even steeper. Solana, whose year -to -date up performance I spoke about yesterday, was down over 9%. The Flow Token was down almost 7%. Sui's Synapse and Compound were down 6%. In macro indicators, today was a big day for data releases. One of the most significant metrics in terms of interest rate expectations is the US employment data. A stubbornly strong jobs market has kept consumption high, which makes it harder to bring down inflation. Any signs of weakness in the job market could be taken as a sign that the US interest rate hikes are finally starting to bite. This is what we got today. The three key figures to watch are the increase in non -farm payrolls, the increase in average hourly earnings and the unemployment rate. All three came in softer than expected. The number of net new jobs created in October was expected to be 180 ,000, which was already a big step down from September's initial report of 340 ,000. The increase came in at 150 ,000. It's also worth noting that the net new payrolls for the previous two months was revised down by 100 ,000. The average hourly earnings increase decelerated in October to 0 .2 % month -on -month from 0 .3 % in September. On a year -on -year basis, the increase was 4 .1%, down from September's 4 .3%. And the unemployment rate ticked up to 3 .9%, its highest rate since January of last year. Average forecasts had been for an October unemployment rate of 3 .8%, which would have been flat on September's number. You're probably thinking that the weakness isn't much. Jobs still grew by a hefty amount, and a 10 basis point increase in the unemployment rate is hardly indicative. You'd be right. But the thing about the unemployment rate is that when it starts to turn, it tends to turn fast. Higher unemployment impacts spending, which impacts company revenues and profits, and generally leads to more layoffs and higher unemployment in a very sad spiral. Not surprisingly, markets are liking this, as the softening of the labour market does reinforce the thesis that peak rates are in. It may feel awkward to celebrate more people losing their jobs, but markets have been eagerly waiting for signs of an economic slowdown because of how it could impact the timing of interest rate cuts. While those are still a ways off, if this week's FOMC statement and press conference is anything to go by, the Fed's decision matrix just got a bit easier. The Fed will no doubt be weighing the risks of hiking too much and triggering a deep recession, with the risks of doing nothing for a while to see what happens to the data. Today's release suggests that the latter is more likely. As we head into record, US bond yields are falling fast. The US 10 -year yield is almost at 4 .5%, having touched 5 % just a few days ago. The 2 -year yield is below 4 .9%, the lowest point since early September. In stocks, US markets were cheerful yesterday, with the S &P 500 rallying 2 % its strongest session since April. The NASDAQ and the Dow Jones each rose around 1 .7%. This morning, futures were pointing to a good reception of the employment data I just spoke about. In Europe, the main indices also all rose yesterday for the fourth consecutive session. The FTSE 100 was up 1 .4%, the German DAX was up 1 .5 % and the broader -year stock 600 was up 1 .6%. This morning, stocks were largely flat up until the US employment data, but have been picking up since then. In Asia, Hong Kong's Hang Seng index was up a whopping 2 .5%, while the Shanghai Composite rose 7 .10%. Japan's market was closed today for a holiday. In commodities, oil prices were also lifted by the positive market mood yesterday, with the Brent crude benchmark registering an increase of just over 1%. So far this morning, Brent is up a further 0 .5 % on the day, trading at $88 .33 a barrel. Gold continues to hold relatively steady, trading at $1 ,990 per ounce. Staying with gold for a second, earlier this week, the World Gold Council published its quarterly report, which showed that central bank buying of the metal was up 14 % year -on -year. It seems more central banks are reducing their holdings of US treasuries and increasing holdings of gold. China was by far the largest purchaser, with Poland and then Turkey trailing a distant second and third. Stay with us, after the break we turn to some listener questions.
Thinking Crypto News & Interviews
A highlight from SAM BANKMAN-FRIED CONVICTED & GOING TO JAIL! DXY CRASHES CRYPTO PUMP INCOMING!
"The Bernie Madoff of crypto, Sam Beckman -Fried, has been found guilty on seven counts in his fraud trial. Also, the DXY, the dollar currency index, is crashing. That means assets are about to pump. Get ready. Let's break it down. Welcome to the Thinking Crypto podcast, your home for cryptocurrency news and interviews. If you are new here, please hit that subscribe button as well as the thumbs up button and leave a comment below. If you're listening on a podcast platform such as Spotify or Apple, please leave a five -star rating and review. It supports the podcast and it doesn't cost you anything. Well, folks, Sam Beckman -Fried found guilty by jury in landmark crypto trial. The jury found the former executive guilty after a month -long trial where the prosecution presented nearly 17 witnesses to the defense's three, with Beckman -Fried himself taking the stand. FTX co -founder Gary Wang, former head of engineering Nishad Singh, and former Alameda CEO Caroline Ellison testified against their former colleague. Sam Beckman -Fried's sentencing hearing is scheduled for March 28th. A hearing will be held where the judge Louis Kaplan, who oversaw the entirety of Beckman -Fried's trial, will decide his sentence. The former executive faces a maximum sentence of 115 years. Folks, this is great news. This is what we wanted to see. This guy needs to go away for a long time. He is a fraudster and a scammer. And as stated, he is the Bernie Madoff of the crypto industry. What he did was just an old -fashioned crime here. It had nothing specific to do with crypto. Yes, crypto was part of the means or the assets, but this could have been done with cash. A bank could do this. They can co -mingle and steal customer funds. This is what he was essentially doing. So great news. It's something that I think the entire crypto industry and market was waiting for so we can put it behind us and move forward. Now, I want to share a clip of a US attorney of SDNY, Damian Williams, his statements he made, because this is coming from someone who has nothing to do with crypto. He's just part of the law system and he had some really great statements. Let me play it here for you. My name is Damian Williams and I'm the United States attorney here in the Southern District of New York. Sam Bankman -Fried perpetrated one of the biggest financial frauds in American history, a multi -billion dollar scheme designed to make him the king of crypto. Here's the thing. The cryptocurrency industry might be new. The players like Sam Bankman -Fried might be new. But this kind of fraud, this kind of corruption is as old as time and we have no patience for it. So great statements here from Damian Williams. And as stated, this is a fraud as old as time. Sam Bankman -Fried didn't come up with a new scheme. He just did an old fashioned crime. And the problem here was that the regulators, like the SEC, who met with Sam Bankman -Fried multiple times, like Gary Gensler, did not do any investigations. And he was meeting with these folks, making campaign donations while committing big time fraud. And as Damian said here, he perpetrated one of the biggest financial crimes in American history. And now he's going to have to go to jail. So this is a good day, folks. We want to put this behind us and keep moving forward. The market needs us to move forward from this. And from a public perception standpoint, we need to show that, hey, this was a bad actor and there are good actors in the crypto industry. And this technology and asset class will continue to grow. An example of the takeaways that are coming out as a result of the FTX collapse, as well as Celsius and so forth. And that is many folks in Congress and the Senate are pushing for what's called proof of reserves to make sure all these crypto exchanges have their customer reserves. It's 100 % back and there's no commingling and these things happening. In hindsight, it's like, this should have been done a long time ago, but this is the failure of Congress, as well as the regulators to not act sooner. This is a new technology. We're in a global competition and other countries are moving ahead. The UK, the EU have passed crypto regulations. The United States has not. There's still bills stuck in the house and there's infighting, right? It's nonsense. So we need to get these things going. So here, I'll just read a headline from October. US senators set in motion a bipartisan proof of reserves bill. So we need to make sure that these things are in place. Now, a great exchange that I've been using since 2018 and that is a sponsor of this podcast is Uphold and they have proof of reserves. They back their customer funds 100%. So they do audits as well. So you can verify that you have a lot of transparency and I trust this platform. I've interviewed the CEO, the CFO, and I've been using them for a long time. You can also trade precious metals and over 37 Fiat currencies on this platform. So if you'd like to learn more about Uphold, please visit the link in the description. Now, folks, what's interesting is that Bitcoin right now is still consolidating. So we can see here, not much happening. It kind of pulled back below 35 ,000, but that's fine, right? It's chopping. It's building the support levels, right? There's a move upwards. We break through resistance. We build support. Then we move up and break through another resistance. It's just market cycles playing out. So no need to panic. Bitcoin is back below 35. Some people are going a little nuts. It may drop back down to 34. That's okay. It's all within the range of consolidation and building support levels. But what's interesting, and here the blockchain backer just tweeted out, the DXY, the dollar currency index is crashing, folks. It takes a hard tumble through the 106 Fibonacci level here. Folks, that is bullish because as we've talked about many times, when the DXY is pumping, assets start crashing. When the DXY is crashing, assets start pumping. Now, it's not an immediate thing where it happens in the seconds and the minutes, but watch over the next week or so, we're going to see assets start to move upwards. So very bullish in my opinion. Now, this coupled with the Fed pausing rate hikes is all bullish narratives. Now, when the Fed starts to cut rates, that's usually a sign something is about to break. That's when you put up the red flags a little bit. But right now, I think we're okay. The Fed is pausing. The DXY is crashing and Bitcoin is looking to get ready to move to its next level. And as always, it's going to pull the altcoins with it. So we can expect the altcoins to rise. And this is not a move to new all -time highs. Like I've been saying, this is a move to retracement level. So we're anticipating Bitcoin going to between 40 to 50K. That's not guaranteed. That's just a thesis. And altcoins will follow Bitcoin's move, at which point I think Bitcoin rolls over a little bit. Maybe it goes back down to 30K range. It starts to move slow and steady into 2024. And we possibly may hit some new all -time highs in 2024 for Bitcoin. But I think there's a very high probability we hit new all -time highs in 2025. And that will be the peak of the next bull market. So this is based on how the market has performed historically. Could things be different this time? Absolutely. But there's no facts right now to say that it will be different. So we are forming our thesis based on the facts, the fundamentals, the technical analysis, and much more. So looking really good here, folks. Now we got news here that Coinbase posted its earnings and they beat the expectations, which is really good. Here's the headline. Coinbase post earnings beat with $674 million in Q3 revenue. So you may say, well, who cares, Tony? Well, look, I do own some Coinbase stock, but this is a indication. This is a marker, a metric that we use to show that the market is recovering. And I think that's clear as day. If you look at the Bitcoin chart, we bought them in November of 2022 and we've been on the rise since. Is it a rollercoaster ride on the way up? Of course. But that's the market. And you can use that volatility to make money. You can swing trade. But the fact that Coinbase as the largest crypto exchange in the United States is posting a positive revenue numbers here and earnings numbers is a good sign, right? Multiple indicators showing that we are growing. We are coming out of the bear market. I don't believe we are officially in a bull market yet. I think we're in the transition phase from bear to bull. I believe the official bull market starts next year at the Bitcoin halving. Well, folks, that's the news. Let me know what you think. Leave your thoughts and comments below. How many years of sentencing do you think Sandbank, graffiti is going to get? Let me know what you think. And I'll talk to you all later.
MiraStar Podcasts
"34%" Discussed on MiraStar Podcasts
"Oh my gosh. Um.
Paul Pickett Podcast
"34%" Discussed on Paul Pickett Podcast
"You know what the security check all due respect she. She accepted punishment. She accepted punishment. So i'm not really going in our her per se on the people who want to say it was racism and his racist. Y'all do ain't no white people compete for compete for the water meters not nada zilch. No white shakes making a one hundred meters or one meter relay team not in america. Maybe it's the mother country like ukraine. What they might not. All white girls competing. You ain't no white shakes for one hundred meters or four hundred for about one hundred so this idea that. It was racist a racism when she wasn't replaced by a white chicks. The cheese replace that she would replace. She still competed what be white and the chicks that she replaced her. They didn't smoke weed and she dare replays somebody. She replaced somebody who follow the rules. It didn't smoke weed so it's like this idea. People that break the rules should de replace people who break the rules so we put people bet break rules about people who follow the rules though. I'm sorry don't work that way. Stop it stop it and this is why the tim tebow dame's i had to go in on the defense table. At first i was like nah eight years. But then i wanna say but you know. Agent peterson beaten kid. You know antonio brown could put his hands on a woman you know. Players cowboys could get busted. You know cocaine and break it all these laws and he's roles get second third chance but the guy who's squeaky clean care. Oh hell no squeaky clean guy gets more opportunities and chances did anybody. He gets more chances. Anybody he's squeaky clean the more time you break. The rules is supposed to be the less chances you get so now switching at the more time you break the rules the chances you get stop it man. Stop it. that's house. I will live in an dishonest which ought to go to a dishonest society. That we just wanna live dishonest society that the people that break the rules get way more opportunity. The people don't break the rules. No how's that equality..
Paul Pickett Podcast
"34%" Discussed on Paul Pickett Podcast
"Choose it for myself. So i choose not distress over clients in easiest way to do that is given a money back keith. Rocks my business does so much better. Now though chargebacks you know because i don't i don't even i don't even let customers get to the point where data negative dictate my business for me. We get to the point. Where customer does out that. The customer's always right. 'cause that's not true. I'm gonna say it'd million trillion times. The customer is not always right. Whoever came up without that saying was a bald faced liar. He was the guy who probably wrote a book on lies. He wrote a book on nothing but last just how to come up with the most. Bold faced lies. The book allies. That's what it was called hadn't it whoever came up with a saying the customer's always right told a face lie. No one is always right. When i started at a podcast i got it confused. That one was a spider Was spreader was a shot. Putter got it wrong. And i got it wrong at first but then i got it right. I made a fixed correct myself. You know one was a sprinter who got busted was a chicken was. I got the shot. Put her who turned her back on. The flag compete for a country. It all i don't care what country you is. That would fly. No country will let that fly. We gotta stop that to dig in. Any country in olympics is going to let that fly that their olympic somebody representing olympics turns their back on their flag no country on the planet. Let that flat so we gotta stop that near any kind of narrative. That's the opposite of that like like it's racist what's going on with her. Because it's america it's happening in america. Know any country would be upset about that. Any country will be going in our her about that every single country and she just. She didn't neill. She turned her back. Every country on the planet in olympics would go in on her about that. So stop it. Stop it with racism. 'cause i don't care what country she was in. She was in nigeria. They a winning on her about that. Issue was in mexico. Russia ukraine any country with a win on that. And i definitely not asian countries would a fucking demolished her ass. They were demolished. Her as she would. Never meet competing for asia's limpets ever again. She won't go no asian country period and probably be able to compete. Is she did that. Shit any communist country that she did that shit. She won't be competing for the olympics. Ever again that'd be her last straw right there. I analyze draw. So we gotta stop it you know with this lake which she did was just you know. Only america was be upset about this. Only the racist people in america are upset about this no every country on the planet..
Paul Pickett Podcast
"34%" Discussed on Paul Pickett Podcast
"I mean if you if you that dumb you don't get that if you got that lack of common sense you shouldn't be coming out the house. If you that dumb figure just go to store pass out the free. We'd everybody in a state that's illegal is. Somebody's gonna call the cops you don't want in a bag of bricks man. You're not about consequences. I'm not about the consequences. Nobody's about the consequences. I'm sorry you know and trust me my so-called white privilege. Is it going to get me out of walk into the grocery store it. Pass it out free. We'd to other people will call the cops so my dumb ass. Quick like in a hurry quit like in a hurry. Must stick around and wait for the cops to get there. I'll even dumber. I'll i'll dumb and dumber dumb ed over you know. So that's what you that's what you are. We are taking. Were above the rules because we think about the consequences were dumb and dumber. 'cause you're not when the rules were and you go into somebody's house you not above their roles you go into somebody's business. You doubt about it rolls because they got consequence they kick you out anytime they want to kick you out and if you don't wanna go willingly all the consequences of get help a lot worse for you there. If you take your not go willingly consequences get worse. 'cause i told you what happens you. You come in my crib. You don't go willingly try. I'll tell you to get the fuck out and you don't get the fuck out drug out and if that doesn't work. Did you going to turn to fucking swiss cheese. I'm getting a twelve gauge. You're you're going to get the fuck out away another because they're gonna carry you out dead or alive then then you totally thinking you by the rules apartment and you about a fucking consequences and we'll tell you right now. If i tell mom get the fuck out is you..
Paul Pickett Podcast
"34%" Discussed on Paul Pickett Podcast
"That terrible if you hate it that much in his tony sanchez. Go some other country. I'm saying this more smart sensible thing and less hypocritical thing to do is go to another country and compete against america. That's the just for the sake to go to another country. 'cause already to be honest with you our already figured out. If i told my mom's today if i ever had to leave america if i were decided to leave america had of america decided wanna leave america i better. Panama eyelid pat him off for like a few years but i will move to panama city panama. That's where i would move if i wanted a mood our country. You know what i'm saying and that would be about it. I know russian. Oh north korea Australia might be cool. It the animals and stuff Maybe some places in africa. You know what. I'm saying but panama be number one on my list panama. We don't want my list. I lived in panama before as a kid most most interesting experiences. Where panama's a kid And panama seems i've never know panama to be like a big warning. Spite seems like a peaceful spot go even got a lot of nocco money going through. Panama doesn't seem like it's a narco-state mexico's narco-state are narko country. Don't get me wrong. i can't not. I'm not totally narc. Government not the narcos because narcos support more mexicans. Then the government. Does they put more money in the pockets of mexicans than the government do a mexican hard work a very poor a very poor situation society. Man i mean the government don't do shit for for nobody in mexico. You know what i'm saying. And that's the thing is just twenty countries where the government doesn't do nothing for people like there's no south america. General doesn't really do much for people in south america. The government in south america. They get rich while the poor stays. Poor i mean. America does a lot more like they don't. They're not given all of these welfare programs through south american stuff like that you know. They're not like the slums it. A slums it's out. The mega did not governmental housing there. This loves you know. It's like this idea. Like it's like. I saw the video the other day where you got all these girls from his college sane harassed to be americans but when you ask the name a country that they think is better than america day. Can't name one. You know what that is hypocritical. That's kinda hypocritical. So that you all you say it is. Every country on. The planet is embarrassing but what countries leased embarrassing..
Paul Pickett Podcast
"34%" Discussed on Paul Pickett Podcast
"Replaced by the blackjacks. But gwen berry turns back on flak. Now i mean if you hate america. That bag is kinda hypocritical that you wanna reap all the benefits of competing for america. Winning the goal for america. But you hate it so bad you. You don't like you wanna turn your back on it. You wanna Mental finger up. Whatever it may be is is kind of critical me because you can't do it. No other country. There's no other country like russia's not gonna let you go up there competing olympics turn your back on their flag No other countries gonna do that. China's not gonna let china's gonna go in on you if you do. That career allowed it this. I did that. Any country and olympics go let olympic. The olympic athlete turned back on flagging. They're just gonna be cool with it. Stop it stop it. Everybody's gonna be upset about that. Everybody's will be upset about that. It's just kinda hypocritical. i if you don't if you hate america very don't compete for america. Not saying i go to another country but you hated at-bat and occupy you know it is really hypocritical. You want auto benefits of getting famous. As an olympic athlete. The sponsorship says olympic athlete endorsements possibly winning a gold medal. And i forgot what she does. She does like shotput or something like that. Because i had a mixed up with the big issue was runner. But she's not a runner. She's just like a shop hood or something like that. And from not mistaken she even win the golden the us trials and whatnot. So yeah it's just like it's kinda critical to me man like it's one thing for athlete to two nil or attorney back on the flag because they're they're really only playing for one specific families and even though they're alienated families in nfl. When he do it there's still playing for half. The i mean you know. Let the nfl where that's the nfl's problem you know. It's like if i go play for a team. I'm not playing for play san francisco. I'm not planning for oakland fans. I'm not playing for los angeles fans in if i do got fans outside within the city's hate us cool but you know you're competing for your your your fan base that light that team or that's from that city but when you competing in the olympics competing for.
Paul Pickett Podcast
"34%" Discussed on Paul Pickett Podcast
"Yes so. International guys are starting to catch up with. Us especially when the last two vp's winner national any initiative if matter of fact the be gets it next year. I mean that's another international player. Getting it you can pull off every so. Yeah you know. Jamal murray gets one. That'd be a canadian play. Get one you know so yeah we should vote but we still should be. Lose to nigeria. Man there's no way that five superstar players should be losing to five role players out care who it is and yeah so i much really talking about game. Three tonight But still win this over Devon booker is leading for the finals. Vp race he keeps ball and like is he'll get finals vp and chris. Paul don't really care about that. he was defy. he wants to trophy. He wants to actual chip the championship. So yeah i'm I'm beginning to this topic. I was. I was not going to get into this topic but i got to. Rachel nichols that are maria taylor and tomato. Both none of innocent in that. But i'm gonna get into this. I think she turned back on the flag. Anybody that knows me. I don't really hate nobody except my uncle. Because he's pretty hateful person. I don't hate anybody that all really know like i've never hung out with. Don't really knows a person or the hate him. I i might dislike when anybody knows me that i dislike hypocrites more than anything in this world. I'm going pizza. I dislike hypocrites. Money anything in this world. That's my least likable. Kind of people in this world is hypocrites. Everybody else's you know ain't as bad as hypocrites to me. I think just hypocrites in a worse you know. And that's what. I see right now with this win berry thing like it's one thing for colin kaepernick to kneel for the flag because he's only.
Fallen Short Podcast
"34%" Discussed on Fallen Short Podcast
"Caesar whatever <Silence> you know so <Speech_Male> you know <Speech_Male> it's with all partition <Speech_Male> pray and <Speech_Male> then bracketed <Speech_Male> with specific <Speech_Male> requests <SpeakerChange> <Speech_Male> right <Speech_Male> at all times <Speech_Male> and then bracketed <Speech_Male> again on every <Speech_Male> occasion and every <Speech_Male> season it's kinda <Speech_Male> like expanding <Speech_Male> upon that. <Speech_Male> That's why i want to read it because <Speech_Male> it's like okay. <Speech_Male> We pray all the time <Speech_Male> we do this. But <Silence> it's no like really <Silence> <Speech_Male> specifically <Speech_Male> for <Speech_Male> <Advertisement> things <Speech_Male> <Advertisement> all the <SpeakerChange> time <Speech_Female> and you know <Speech_Female> <Speech_Female> in time <Speech_Female> prayer in was scripture. <Speech_Female> I <Silence> think that. <Speech_Female> <Speech_Female> I know that <Speech_Female> rather <Speech_Female> when we pray <Speech_Female> we pray <Speech_Female> thirty when we know we're <Speech_Female> standing on the word of god <Speech_Female> when we <Speech_Female> know that we are <Speech_Female> asking things in the name <Speech_Female> of jesus and when <Speech_Female> we know that <Speech_Female> what we're praying aligns <Speech_Female> with the will and the <Speech_Female> purposes of god for <Speech_Female> people in for <Speech_Female> our lives. <Speech_Female> I really feel like <Speech_Female> that gives us more <Speech_Female> authority to stand <Speech_Female> upon <Speech_Female> in prayer and actually <Speech_Female> had a really cool experience. <Speech_Female> When i was younger. I <Speech_Female> wanna <Speech_Female> ministry trip <Speech_Female> to germany and <Speech_Female> i was with <Speech_Female> a veteran <Speech_Female> intercessor. <Speech_Female> Someone <Speech_Female> who traveled <Speech_Female> the world <Speech_Female> and and spoke <Speech_Female> all over and ministered <Speech_Female> all over. And <Speech_Female> i went along <Speech_Female> to be trained up <Silence> kind of <Speech_Female> like a timothy <Speech_Female> in the situation. <Speech_Female> Just serve and <Silence> be a blessing. <Speech_Female> But i learned <Speech_Female> so much on that trip <Speech_Female> about spiritual warfare <Speech_Female> about prayer and. <Speech_Female> I think that'd be a really cool topic <Speech_Female> to do sometime. <Speech_Female> I don't think that's what we're <Speech_Female> doing on their next one <Speech_Female> already. Have our <Speech_Female> next one being <Silence> planned out <Speech_Female> hover. <Speech_Female> i agree. I <Speech_Female> do feel like you can't <Speech_Female> have one without the other. <Speech_Female> You need to have <Speech_Music_Female> <Speech_Female> the prayer <Speech_Female> but you need to <Speech_Female> have the scriptures <Silence> to stand upon too <Speech_Female> good <Speech_Female> so guys. I hope <Speech_Female> this podcast just <Speech_Female> really encourages you <Speech_Female> to get in <Speech_Female> study. The word of god <Speech_Female> apply <Speech_Female> the word of god <Speech_Female> and then from there <Speech_Female> spread the word of god <Speech_Female> love on people. <Speech_Female> Love <Speech_Female> yourself <Speech_Female> love the lord. <Speech_Female> Most of all n <Speech_Female> just <SpeakerChange> <Silence> be later. Jesus <Speech_Male> view <Speech_Male> enjoyed this episode <Speech_Male> or any other episodes. <Speech_Male> Please <Speech_Male> <Silence> share it with your friends. <Speech_Male> Subscribe <Speech_Male> on whatever <Speech_Male> platform you're using <Speech_Male> turn on those <Speech_Male> notifications. <Speech_Male> We are not <Speech_Male> your <Speech_Male> regular <Speech_Male> every <Speech_Male> week at this time <Speech_Male> on. This day <Silence> is a new episode. <Speech_Male> I don't <Speech_Male> think we'll ever <SpeakerChange> get to <Speech_Male> that point <Silence> <Speech_Male> so <Speech_Male> turn those notifications <Speech_Male> on. <Speech_Male> Let us know <Speech_Male> <Speech_Male> If you're enjoying it <Speech_Male> let us know if you have any prayer <Speech_Male> requests. You can <Speech_Male> do that by emailing <Silence> us. At <Speech_Male> info <Speech_Male> at fallen short <Silence> podcasts dot com <Speech_Male> <Speech_Male> and until next <Speech_Male> time. <SpeakerChange> I'm thaddeus <Speech_Female> <Speech_Music_Female> and we love <Speech_Music_Female> <Advertisement> you guys.
Fallen Short Podcast
"34%" Discussed on Fallen Short Podcast
"So we're not fighting against each other flesh and blood but what we're fighting against is is the darkness the evil rulers the evil spirits. It's not a freshly fight. It's a spiritual fight. And then verse. Thirteen goes on to say therefore put on every piece not just one or the other not just truth not just spirit. But it says put on every piece of god's armor so you will be able to stand and resist the enemy in the time of evil then after the battle you will still be standing firm. Stand on your ground. Putting on the belt truth. The armor of god's righteousness for shoes put on the peace. That comes from the good news. Which is the word of god that you will be fully prepared. In addition to all of those hold up the shield of faith to stop the fiery arrows of the devil. Put on vacation as your helmet and take up the soda spirit. Which is the word of god you guys. We are all legitimately sinful flawed vessels. We are entrusted. We are given the spirit of god. We put on the helmet of solution. We put on the belt of truth. We carry the sort of the spirit we get to be used by god in a powerful way to peer starkness to push back against a hell to set the captives free to break chains to break vanishes and seek and save the last. Wow that is what the word of god does it is on the offense. It is kicking the ball into the soccer net. It is not letting the soccer ball come at you every time and just getting all the points scored on you. It is going on the enemy side. It is pushing back the gates of hell. It is storming the gates of hell and setting captives free and just seeing people get broken. Seen people get set free a bondage is seen people come to know jesus as their lord and savior. We are carrying a message of hope of love of grace of deliverance. Out of ice flows rivers of living water out of the depths of us out of the overflow of our heart out of the word of god that is implanted into us flows these streams of living water. That is jesus and guys. I don't know where you are. But all i know for me is i will spend the rest of my life. China learn understand. Apply the word of god. I really hope so. Anyways that that is my desire is to live each day in my life. In in humble submission to the word of god live each day my life trying to apply what i'm learning because i'm gonna fail. I'm willing to make a lot of mistakes. But hopefully i can course correct by using the word of god to help redirect my steps and.
Fallen Short Podcast
"34%" Discussed on Fallen Short Podcast
"When we can have control over what we're allowing ourselves doesn't have to be either or we should definitely try to make it both and and we use it as a tool to equip ourselves right which i think you touched on when you abeer with someone. You're counseling or whatever. And you're praying that god the if you the words or maybe even scriptures the to come to you that you can use and i think it's important that we use it to equip ourselves and and some people are going to function in a way of like they're going to just be able to recall certain scripture and be able to quote it right and i think that's great but i would caution people of trying to make that happen And then misquoting. It fits a narrative or something like that that you're trying to push and we do have this handy dandy thing in our pocket a lot of times call google. You can always look up a scripture to make sure you are accurately aligning with what the scriptures you understand what i'm saying. No i fully agree. That happened so many times in. It's it's a tool that we have to use not in just that way but just having that time in the word you might not be someone that's going to just recall scriptures like that to us but it's just in gaining things in your head that you can use so in second timothy three and i'm not saying that the south taught my head. This is in the notes that we have with recording this but it says in verse fourteen through fifteen actually through seventeen four second timothy three fourteen through seventeen but you must remain faithful to the things you have been taught you know they are true for you know you can trust those taught you. You've been taught the holy scriptures from your childhood and they have given you the wisdom to receive the salvation that comes by trusted in christ jesus all scripture is inspired by god and is useful to teach us what is true and make us realize what is wrong in our lives. It corrects us when we are wrong and teaches us to do what is right. God uses it to prepare equip his people to do every good work and so taking away from that church and i both grew up in christian homes Going to church. I went to a private school right. So like the whole the whole part about you've been taught from childhood not everybody's there not everybody's had that when it talks about you know versus sixteen and seventeen where it's all scripture is inspired by god right and it's useful to teach us what is true and then it says it corrects us when we're wrong teaches us to do what is right and so in god uses it to prepare whip you know for his people no matter you know the situation. It's just remembering those things that you're reading the word or that. You're taking from the sermon. Your pastor is preaching and things like that too right. Hopefully your pastors using the word of god in his teaching. But and if he's okay caveat if he's not if you are not getting the word of god in your teaching that year listening to on on sundays or wednesdays or whatever daily pray and ask god if you should be finding a new church huge reason why we picked our church is because the pastor some might say use too many scriptures and to me too many is not a thing i not enough for. That would be a thing. Find a pastor who people say uses too many scriptures and sit underneath their teaching. We don't need to hear what people's opinions i about the world share. We can hear what words. I about. The word of god right and so..
Fallen Short Podcast
"34%" Discussed on Fallen Short Podcast
"There's no matter what even though it was written how long ago and written at a certain point in our history. It's still applies in different ways. Today to different people in different situations so it continues so that was hebrews four verse. Twelve continues in verse. Thirteen nothing in all creation is hidden from god. Everything is naked and exposed before his eyes and he is the one to whom we are accountable. So you take the first part of that verse you know nothing is hidden from god sees it all and he has this tool for you to use. Whether you know that's when you're going through a struggle or the solo spirit or actor she's been leaders versus the godly desire that the spirit of god inside of us rate sharper than any two hundred swords so crazy for me as somebody who's definitely had my fair share of struggles with depression and anxiety. I've been blessed. I have been on medication for. But i've been very blessed to be without medication and there's probably been times in my years of being off the medication that i maybe should have been on it but i will tell you the biggest reason. Why for me not advocating this for us. This is your own conversation you need to help with lord but for me the biggest thing that has been able to help me to be able to manage anxiety and depression has been a daily dose of the word of god. Not just think. I you know some people need different doses and i need a pretty large dose to get through my day because i'm a much better person when i really not just have a slight white bite of the word a gun but when i have a full meal of the word of god i just am a person who really really needs it and maybe we all do. I don't know but for me. It has helped me navigate so many life trials so much freedom has come into my heart and my mind like you read in hebrews. Four thaddeus has come into me through the sort of the spirit through reading the word of god and just diving into the word of god in the bible talks about the importance of having spirit and truth. And i think you know we have this holy spirit inside of us that helps guide us in our life and it's so important and then we have the truth of god's word that we dive into and we understand who got his in the the holy spirit inside of us helps us understand better what we're reading in the word at guide and helps us to apply the word of god it brings the holy spirit inside of us brings to remembrance the things we read in the guide. There's often times where i go new situation..
Fallen Short Podcast
"34%" Discussed on Fallen Short Podcast
"I hope that this podcast inspires you to be on the offense in your faith rather than always on the defense. 'cause i think for me a lot of times in my faith walk. I've been on the defensive side. Like i'm trying to keep i think of soccer because i was a soccer player growing up i think so much. I've i've had the spiritual walk that i've gone to the scriptures to help me win the soccer balls coming at me and i might not be the goalie because my defense isn't even that strong but i might be defensive player and i'm trying to block the ball from going into the goal and that's kind of how i ve used scriptures a lot of faith walk but i feel like over time i've learned to use scriptures to be offensive and not just defensive. The defense still is very important when the enemy comes after you to use it offensively where i'm kind of going into darkness and i'm going to the other side of the soccer field and i'm going to score on the enemy right and so what. I'm hoping this. Podcast conveys the importance of being on the offense. Yes having a good defense but also how to be on the offense in your faith. Walk something that. I see as a huge misconception. Christianity is that we are in charge of what is happening around us or we have like if we pray certain way or we're reading this amount of scriptures or were you are doing things x. y. and z. Equals three you know. I feel like reduced algebra now kind of i did just do sixth grade eighth grade math today but i feel like christianity in the religious sense has taught us to do these different mathematical algebraic equations. And we're going to end up with the answer and we're going to end up doing everything perfectly and the right way right however it's a false that's not true we're in powered by who it is that she's christ is and we're empowered by the word of god and by the holy spirit dwelling within us and it's not from who we are necessarily yes. We do have to take the actions of of stepping into a faith. Yes we have to take the actions of allowing the holy spirit to dwell s but from there really. It is the power of god right. It's it's understanding how to apply it to our everyday life because when when the bible's written it was written you know how long ago in over the course of how long right everything that was written isn't like the same for every situation like you have to kinda take aac what you can from it and apply in different scenarios and so it's you could apply it in a daily type of way. You could apply in a specific way or something comes up right. And there's so many descriptions out there about how powerful the word is and and what it does and Like in hebrews four it says for the word of god is alive and powerful it is sharper than the sharpest two edged sword cutting between soul and spirit between joint and marrow. It exposes our innermost thoughts and desires. And so it's it's powerful. It is you know it's still powerful to this day.
Fallen Short Podcast
"34%" Discussed on Fallen Short Podcast
"Is fifty five verses six through eleven seek the lord while you find him call on him now while he is near let the wicked change their ways and banish the very thought of doing wrong. Let them turn to the lord that he may have mercy on them. Yes turn to our god for. He will forgive generously. My thoughts are nothing like your thought says the lord and my ways are far beyond anything you could imagine or just as the heavens are higher than the earth so my ways are higher than your ways my thoughts higher than your thoughts the rain and snow come down from the heavens and stay on the ground to water the earth because the green to grow producing seed for the farmer and bread for the hungry it is the same with my word i send it out and it always produces fruit. It will accomplish all. I want it to and it will prosper everywhere. I send it. We chose today to open with isaiah fifty five because it's a fantastic explanation of why having the word of god and having holy scriptures is something as believers. We need to help guide our everyday life. It says god spots are higher than our thoughts and his way i heard in his ways and that is as are far beyond anything we could ever imagine and when we look at scripture we get to learn about god's ways we get to learn about god's thoughts and we me about the truth of guide through dean the scriptures this week. We are going to be doing yet. Another week of talking about the importance of getting the word of god having is your foundation. If you missed our last episode we talked about the importance of the application of the word of god to our everyday life. And how we use it to look at our reflect like a reflection in the mirror or we use it as our foundation which we build our life. And i would encourage you. If you didn't listen to the episode to go back and listen to it this week we are gonna talk a little bit differently about scriptures kind of all in the same round because we're still talking about the importance the scriptures this week. We're gonna talk more about the spiritual warfare aspect of scriptures. We're going to talk about the importance of having spirit and truth in our lives and kind of do a little bit of a deeper dive into the importance of getting into the word of god. And i hope that this podcast this series that we're doing really really inspires you to get into the word of god and not just do it as a devotional not just do it as a once in awhile thing but to really become a student of the word to really be somebody who delights in the law of the lord to be somebody who hides the word of god in their heart that binds the word of god around their heart to be somebody who encourages yourself in the word of guide to use it as a powerful weapon for the kingdom of god that pushes back the gates of hell like..
Caffeinated Chaos
"34%" Discussed on Caffeinated Chaos
"Mean that's pretty much. The reason i think he won the first time that and he's got a ton of money but like now you're running against a guy this time who's been in politics pretty much as long as almost almost as long as you've been alive. He knows what to do. He knows what to say. He knows how to finesse people. People like him he hadn't screwed anybody over recently He gives off a good vibe to most people like dude. You had to have known you were going gonna lose. I mean come on now but whatever and just a heads up. I voted didn't vote for either one of them. Not gonna tell you guys who voted for doesn't matter but that's why i think trump won the first time in the fact that he was running against another man the second time that's why he lost this time that and he screwed over way too many people end he's got a whole bunch of legal shit going on behind him. He was too preoccupied. But that's just me. I think he just needs to quit. Being a big baby grow up and accept the fact that your lost. You're not gonna win everything. Move on i guys. That is all the time we have for this week again. There won't be an episode next week. So i will talk to you again and thanks for tuning in by guys..
Caffeinated Chaos
"34%" Discussed on Caffeinated Chaos
"So. How do you stay at home moms it. Don't go anywhere. Keep from going crazy. And then i guess how do you. How do you have the energy when you do easy to do anything else. Pick i just want to lay in bed. It's peaceful it's quiet. The house normally isn't this quiet. Can't get junior take up so in david's teasing so that's just a disaster on its own. I wanna take a fucking nap. Junior's been taken his naps late in the evenings when he does take a nap. So he's been waking up at like six thirty seven in the evening then hasn't been going to bed until midnight sometimes one or two in the morning again so we're back to me being up all night with him and then i'm up all night with david. Sometimes because he stephen and he doesn't wanna sleep. So i am running on lake three hours sleep except last night in the night before for some reason he's been going to bed pretty easy the last couple of nights so i have gotten like five six hours of sleep but i got like forty five minutes. I'm just. I'm one out you guys. I'm exhausted i'm tired. Anita mommy break they just an overnight break. Were like not even from because david doesn't do anything but like junior like if amy's mom could take junior and he actually stay the night overnight. That would be awesome but for some reason not for some reason. We know the recent but lately he won't stay the night over there. So when we when indiana go out today we're going to stop by the store and we're going to get some a jump drive or some writable. Dvd's and we're gonna put some of juniors favorite shows on burnt dvd for him so he can take them to his grandma's to indies. Moms and watch them over there and hopefully that'll help him sleep there and he considered the night and i can get a break so i don't lose my mind. I'm not saying. I regret having kids. 'cause i absolutely don't love my kids. They drive me absolutely in. It's no ninety percent of the episodes. I'm complaining about michelle. They did or said. Or whatever. But i don't regret having my kids love my kids do that. But thank god. My tubes are and we can't have any more kids because these to drive me nuts like they're gonna they're gonna kill me you guys gonna to wear me down till i have no energy to fight them off and then they're going to gang up on me together. Beat the life me. And then i'm just going to be left there laying helpless in the floor so i don't know how many of you watched the news and this is like a little off topic of what i normally talk about. But like i don't know how many of you guys watch the news or check. Facebook feeds or even google news update feeds. But like how many of you guys have do. And you've seen like the recent presidential white house information stuff so apparently trump is going to be that guy in. You'll get what i mean in a minute Like every president in the past the way it works when a new one is coming in is. The old president attends the new president's inauguration and the old president's wife or the old first lady Gets in contact with the incoming first lady and they talk about united moving in moving out getting everything switched over the cleaning up and all that process. Why is trump being such a big baby that he's not going to attend Biden's inauguration on the twentieth he His wife hasn't even contacted. Jill which is joe. Biden's wife to talk about anything and he's not even staying in the white house until the twentieth. Like the normal outgoing president does. He's leaving on the nineteenth. He's leaving the entire washington. Dc area a day early Why be that. Why are we that big of a baby like you fought. You uh lost. Another guy one. Its life congratulate him like a grown ass adult man and move on. I mean it would be pretty. You know pretty cool and pretty kick ass to be president but like when my term would be over i would probably probably be like thank god. I don't have to worry about running the country and all of the problems going on like i can finally now. It's just semi relax. And i say i say sumo relax because like past presidents. They don't get to relax. There's always something that they're doing. They're always in the spotlight in the media. Whatever they don't get to relax but like new don't have that burden on your shoulders. Wants you not president anymore of like. Oh man who would we gonna do look beyond like. Are we going to go to war. Now what are we gonna do. How many troops do we need to send like. You don't have to worry about any of that yet. Like i would be i would. I'd love to be pricing. it'd be awesome. it's really cool job. It'd be great but like the term like if you don't get reelected you don't have to worry about that anymore. I mean yeah you still you know. I'm sure you still worry about it because it's still your country. Obviously you'd love it so much because you know you're in you ran for president but like if something screws up like if you know. The new president picks save you know biden picks the wrong decision and it ends up.
Caffeinated Chaos
"34%" Discussed on Caffeinated Chaos
"The table and have enough stuff right now on the table. Did i'm hoping that kinda you know. Deters him away from wanting to climb up on there but seriously how do i keep the crabs in the tank without like completely tape in the fucking tank shut and not being able to feed the fish series. I mean some fucking help you. Because the crabs i'm gonna drive me even more crazy and the kids already have and if you're know me ready fucking crazy. Okay so i have a serious question for pretty much anyone but basically stay at home. Moms with more than one kid. How do you guys like those of the. Don't go anywhere during the week. But how do you how do you. How do you deal with it. Like i'm used to getting out of the house at the least once a week for like forty five to an hour minute drive to go to the dispensary when andy's we But since the ban has been down and all we've had his work truck and all four of us can't fit in the work truck with or without the car seats. I haven't been able to go anywhere and it's only been a week. And i feel like i'm gonna lose my mind like i've been staring at the four walls in the house or the four walls down in the basement every day all day for four weeks like andy and one of the kids can get out of the house. But i've been stuck and normally like even before we had the second vehicle when we just had the one. I could drive the van together. The house like even when like he would be gone on at work. I'd be here. I could get in the van and drives and just go somewhere. But i can't even do that because i can't drive the work truck because to fucking short i literally cannot sit in the seat and i can't see over the steering wheel and do the pedals at the same time. So i've been stuck in the house for a week so the stand mom's like literally don't go anywhere at all other than like outside to check the mailbox because that's as far as i fucking have been How do you guys do it. But how do you. How do you keep your sanity. Because i really feel like. I'm gonna lose mine like i don't know how many of you people i don't know how many of you watch Trailer park boys on netflix. But if you do then you totally understand this. I'm like one child. Dead which kid one child saying mama or mommy away from turning one of the stuffed animals into a puppet and telling people my name is bubbles. Like if you watch trailer park boys you know how psychotic that means. I'm going you understand that if you don't go watch trailer park boys I think that's in like the the mid seasons to the later seasons. Go watch it. you'll get it then basically. I'm losing my mind here. Like i'm probably one step away from mental institution and not going not not not willingly going like being forced to go. So how do you guys. Whose how do you lose your sanity. I'm losing mine all of his mama mama mama mama bike like right now. Both kids are taking a nap. And i still hear it in the back of my mind. I'm going crazy you guys. I'm losing a need four o'clock to hurry up so andy can get off work. Go get the van. bring it back here. We can load up the kids and we can go and we gotta take junior to his mom's so it's not going to be just a forty five to an hour trip because that's what it normally is like if we go from our house to the dispensary and then back to our house and it's like a forty five minute drive there and then a forty five minute drive back so it's like what an hour and a half but if we go to indies moms and then we are the dispensary and into our house. We're going to do today. Or even if we go to indies. Moms than indies. Moms and back to our house. It's like a two and a half three hour trip so it's gonna be like nine o'clock when we get home and i'm probably gonna be leaving the house at five six so but on the downside is still gotta figure out what to do for dinner like i think. Put out a pork line. But i'm not gonna lie you guys like after we do this drive and with the amount of energy. I woke up with today. I don't even feel like doing dinner. I just wanted to call order pizza. Say screw it and be leaned or like go to subway or something. I don't know but i don't feel like cooking dinner. And i still have to wash dishes. You guys i have. No motivation is and would sad. Is that coffee was giving giving me motivation. Like you know the dunkin' donuts iced coffees. I've had one in the refrigerator for like a week. Like you know single ones or whatever the four-pack from kroger. I've had one sitting in my refrigerator for about a week and i haven't touched it like i have such low energy. I don't even have the energy to open like. I don't wanna do anything i want to go. Take this drive but then like i don't wanna do anything. I don't want to clean the house. I don't want to do dishes which the house isn't really that dirty and it's not really that many dishes it's just like the pot and a pan and then two plates in bowl and some silverware from dinner last night but like. I don't even wanna do.
Caffeinated Chaos
"34%" Discussed on Caffeinated Chaos
"With that being said since we now have a business only instagram account. If you were following the other account we shared. You either. aren't anymore or you won't be soon and it's nothing personal against you guys. It's just there are certain things that we would like to keep private like. There's some things that we want to share with everyone in something that we would like to share with our close family and friends. So we're going through the other. The instagram profile that we originally shared Getting rid of getting everybody out of that one except for close friends and family and everyone wants to follow us for the podcast and there will be occasional family updates on that instagram account as well. We just won't be sharing everything You guys can go follow us there. You can find that instagram dot com slash family or by clicking the instagram link in our link tree now and i know that was a lot of guys to throw at you all at one time. If you missed something or you forget anything. All of this information is posted up on the business. Instagram account again. It's instagram dot com slash. The movement family you can click. The lincoln are linked treat go follow. Nc all those announcements again now. Let's jump into this week's episode. So is it just my kids or like or other people's kids tune into like they were crazy and just flat out. Weird psychotic can have that. I don't give a shit attitude before but now it seems like since the new year hit like since twenty twenty one twenty twenty s gone my toddler like is really showing how few thoughts he actually gives like. He's on a whole new level of. I'm gonna do what i want and i don't i don't really give a shit what the fuck consequences are like. Is that just my kids or like. Please tell me somebody else's kids the same kind of bullshit and is driving you up a wall to and you're like i just woke up like it's eight thirty in the morning. I'm not ready to handle none of this yet by tap. Can somebody please tell me. Else's kids is doing it too. So i can not feel like maybe there's just something really fucked up about my kid. Let know in the comments if your kid or kids on this whole new bullshit and it's not just toddlers because david is on it to like david doesn't get richard either and i know he can't really do much. You know as a seven month old but the looks that he gives you like. He doesn't care. And i know when he hits the same age juniors now like when he hits his terrible twos. I'm probably going to lose my mind. I might even go into an insane asylum so like please let me know that your kids are doing the same thing so i don't feel like my kids are just horrible and hate me so if you were following the other instagram account. That were in the middle of making private now or you follow us on snapchat. You guys noticed that we got a fish tank and there are crabs in it. You guys i swear to that. And if the crabs try to escape one more time. Like i'm gonna lose my shit one of them got out yesterday. We didn't find him. Put back in. And like i get up this morning and i've been looking at it. Because the table on is also the table amusing to watch junior in the living room and work on the instagram account and the podcast and like up in swatting them. Down this entire time like nobody told me when you get crabs in the fish tank that like they can get out and you gotta watch him so we put a like. We closed off the bat partner tank. Because that's how they were getting out do the filter. So you've got that part closed off now and we've got plants in there and they go like to the top of the water a little bit and the top on the front doesn't close all the way because it's not the right top for this fish tank only grabbed a tank. I think we got the wrong top or it's been modified when we had the wizards in the turtle or something i don't know but it doesn't clog away. There's a little bit of regret with the crack is big enough that like if the crabs can get on the plant or they can move the plants the right the right spot in the tank they can get out of the top on the front but we can't close the top on the front. Because the tally we feed the fish. She's like what the hell like. I'm babysitting the kids will not babysitting the kids there. My kids but i'm trying to watch the kids. Make sure you know. They don't kill themselves or kill each other. But now i gotta worry about watching the crabs to make sure that they don't get out of the tank and attack the kids like what the hell like junior gets pinched by a crab yet. It'll hurt but like he'd get over it but like david gets pinched by a crab like he doesn't have way to tell us so he would just randomly be streaming Screaming until i find the cut. If i find the crap because i learned yesterday when that got out of the tank.